LHN (01730) sold its equity in the asset at 115 Geylang Road for 25.8 million Singapore Dollars.

Financial Intelligence APP News, LHN (01730) announced that the company, through its indirect wholly-owned subsidiary Coliwoo Holdings Pte. Ltd., has entered into an agreement on May 21, 2025 to divest all of its shares in a subsidiary that owns a property at 115 Geylang Road, Singapore 389218. The shares will be sold to real estate development company CWL Properties Pte. Ltd. for a price of 25.8 million Singapore dollars. After deducting outstanding bank loans and associated costs, the estimated net proceeds from the sale will be approximately 10.7 million Singapore dollars.