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LHN Limited Announces Strategic Disposal of 100% Equity in Target Company

Story Highlights
  • LHN Limited announced a discloseable transaction involving the sale of its 100% equity interest.
  • The transaction, valued at S$25,800,000, impacts LHN’s financial position and market strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
LHN Limited Announces Strategic Disposal of 100% Equity in Target Company

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LHN Limited ( (SG:41O) ) has issued an update.

LHN Limited, a company listed on the Hong Kong and Singapore stock exchanges, announced a discloseable transaction involving the disposal of its 100% equity interest in a target company. The transaction, valued at S$25,800,000, includes a share sale and purchase agreement with CWL Properties Pte. Ltd. The disposal is considered a discloseable transaction under the listing rules, requiring notification and announcement but not shareholder approval. This strategic move is expected to impact LHN Limited’s financial position and market strategy, reflecting its ongoing efforts to optimize asset management and enhance shareholder value.

More about LHN Limited

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