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LHN Limited ( (SG:41O) ) has shared an announcement.
LHN Limited has announced a proposed disposal of its entire 80% equity interest in Coliwoo PP Pte. Ltd., a subsidiary engaged in space optimization and co-living spaces. The proposed transaction involves selling 100,000 ordinary shares to an independent third-party purchaser for a consideration based on a property value of S$43.9 million, plus adjusted net asset value. The deal includes a leaseback agreement for the property at 404 Pasir Panjang Road, Singapore. This move could impact LHN’s operations by reducing its direct involvement in the co-living sector, while potentially providing capital for other ventures. However, the agreement is non-binding, and there is no certainty that the transaction will be completed.
More about LHN Limited
LHN Limited is a company incorporated in Singapore, primarily engaged in space optimization services. It operates in the co-living space industry, managing properties like Coliwoo Hotel Pasir Panjang.
For detailed information about 41O stock, go to TipRanks’ Stock Analysis page.