TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.