LHT Holdings Ltd (SG:BEI) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
LHT Holdings Limited has announced the termination of an agreement to lease a property in Kranji Industrial Estate due to not meeting the lease entitlement requirements and will face liquidated damages of approximately S$518,000. The initial investment estimate of S$56 million for building on the land has significantly increased due to the economic changes following the Covid-19 pandemic, prompting the company to deem it imprudent to proceed. The company will continue its operations at its existing Singapore locations.
For further insights into SG:BEI stock, check out TipRanks’ Stock Analysis page.