Low Keng Huat Singapore Ltd (SG:F1E) has released an update.
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Low Keng Huat (Singapore) Limited, through its subsidiary Huatland Development, in partnership with Peak Nature, has secured a tender for a residential development land parcel at Canberra Crescent. The project’s funding will come from the company’s internal resources and bank loans, and it’s anticipated to have no significant effect on the group’s net tangible assets or earnings per share for the financial year ending in January 2025. This strategic move is set to bolster the company’s presence in the residential construction sector without impacting shareholder interests.
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