LHN Limited (SG:41O) has released an update.
LHN Limited has announced the establishment of a joint venture, with a financial contribution capped at S$24 million from each party involved. The joint venture’s purpose is to enhance the company’s co-living business, leveraging the experience of LHN’s management team in property optimization. The property at the center of this joint venture was acquired for S$26.5 million from Wilmer and Sons Private Limited, an independent third party engaged in real estate development.
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