LHN unit Coliwoo agrees to sell River Valley Road property subsidiaries for S$ 45.5 million

Bitget2026/09/30 23:05

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LHN Ltd’s Coliwoo unit agreed to sell Coliwoo RV1 and Coliwoo RV2 to Qing Feng Construction via put-and-call option agreements.
Base purchase price totals S$45.5 million, split S$14 million for RV1 and S$31.5 million for RV2, subject to net-asset adjustments.
Assets include properties at 298 River Valley Road and 288 River Valley Road; buyer paid 1% earnest deposits of S$140,000 and S$315,000.
4% option fees due within three business days total S$1.82 million; completion cash partly earmarked to repay property-backed borrowings.
Leaseback planned for three years to keep operating both properties under the Coliwoo brand; estimated net proceeds about S$18.7 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LHN Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: IF9ZGKKATVFIZXUH) on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LHN unit Coliwoo agrees to sell River Valley Road property subsidiaries for S$ 45.5 million

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