AOH has a controlling stake in the Cootamundra Oilseeds crushing plant. Photo: Liz Wells

NASDAQ-listed Australian Oilseeds Holdings (AOH) has agreed to sell its oilseed-processing and edible-oils business to Singapore-based private company Trusha Realty Pte Ltd for US$1.

It covers AOH’s 82.7 percent stakes in Cowcumbla Investments and Cootamundra Oilseeds, the entities associated with the company’s oilseed-crushing plant at Cootamundra on the south-west slopes of New South Wales.

AOH also holds a 100pc interest in Good Earth Oils, the retail brand behind a range of cold-pressed canola, vegetable and olive oils, which is included in the sale.

A document lodged with the US Securities and Exchange Commission last Monday revealed that AOH “determined the business of [AOI] is non-core to its ongoing strategic focus and that the divestiture…is in the best interests of [AOH] and its shareholders”.

The document said the sale would allow the company, referred to as the “seller”, to “focus its resources on its principal business activities”.

“Following a strategic review, the board of directors of the seller determined that this business is non-core and a continuing drain on the seller’s resources, and resolved to divest it so that the seller may focus on its ongoing strategic priorities and improve its financial position,” the document said.

“The board of directors of the seller has [unanimously] determined that it is in the best interest of the seller and its shareholders, and declared it advisable, to approve this agreement and the transaction.”

It remains unclear what AOH considers to be its “principal business activities”, with all filings lodged with the SEC since the company’s registration in 2023 describing its focus as “the manufacture and sale of chemical-free, non-GMO and sustainable edible oils and oilseed-derived products”.

In April, AOH announced it had acquired 51pc of all outstanding ordinary shares in RentBuddyUK Limited.

The gross consideration for the equity stake is US$5.33M “structured as a deferred, multi-tranche cash settlement”.

The company run automated rent guarantee and rental income-stabilisation solutions.

According to AOH, the RentBuddyUK “platform operates primary commercial services tailored heavily toward international students, young professionals, self-employed individuals, and expatriates who lack traditional local credentials which still is a blank niche market”.

The report said this was part of a strategy to expand outside of agriculture.

“From the acquisition, the company strategic intent to diversify business from agricultural processing into high-margin, property-related financial services with recurring revenue models,” the report said.

Business valuation

The document stated a valuation report dated July 22 had been prepared by Asia-Pacific Consulting and Appraisal Limited for Trusha Realty Pte Ltd.

The report found the “fair value of 100pc of the equity” in the companies was a “nominal amount” because AOI carried “substantial existing and contingent liabilities”.

Despite this, the document said that Trusha Realty Pte Ltd “believes that the acquisition of the [AOI] represents a strategic opportunity and that [it] has the requisite expertise and resources to manage the business and liabilities of the [AOI] post-acquisition”.

Public filings indicate AOH has faced a challenging financial situation in recent years.

In its latest financial result posted to the SEC, being the six months to December 31, the company posted a net loss after income tax of A$2.48 million.

For the financial year ended 30 June 2025, the company reported a loss of $1.46M.

This outcome was a major improvement on FY24, which finished with a $21.23M loss, a result significantly impacted by a $23.21M recapitalisation expense.

Buyer background

The SEC document provided little detail on Trusha Realty Pte Ltd, other than it being a Singapore-incorporated private company.

A business profile of the organisation lodged with the Singaporean Accounting and Corporate Regulatory Authority has its primary activity as a holding company of “firms engaged in non-financial and insurance activities”.

Incorporated in 1988, Trusha Realty Pte Ltd has its registered office at Shenton Way in Singapore.

Company records list Rekha Shantilal Shah (Mrs Rekha Kishore Kumar Parikh), Parikh Saumil Kishore Kumar and N Anandaraja s/o Nadarajah as directors of Trusha Realty Pte Ltd, with Mrs Shah serving as managing director.

Mrs Shah has held the role since 1988, while Mr Anandaraja was named director and secretary on 1 June 2026.

There was no reference in the filling as to how Trusha Realty Pte Ltd will carry on operations of AOI.

According to the document, the transaction was finalised remotely on July 27.

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