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