LHN Limited (SG:41O) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
LHN Limited has announced the sale of a 20% stake in its indirect wholly-owned subsidiary, Coliwoo (TK) Pte. Ltd., to Macritchie Developments Pte. Ltd. for S$20,000. This transaction, which is based on the subsidiary’s nominal share value and its negative book value as of March 31, 2024, will retain the subsidiary’s status within LHN Limited as it remains 80% owned by Coliwoo Holdings. The deal is classified as a non-notifiable transaction under the relevant listing rules of Hong Kong and Singapore exchanges due to its size.
For further insights into SG:41O stock, check out TipRanks’ Stock Analysis page.