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LHN(01730.HK)完成收购GSM物业

LHN (01730.HK) completes acquisition of GSM property

Gelonghui Finance ·  May 9 10:23

Gelonghui announced on May 9 | LHN (01730.HK). The board of directors is pleased to announce that the GSM property acquisition was completed on May 9, 2024. The balance of the cost of the GSM property (i.e. SGD 72 million (excl. GST)) (“cost balance”, the total price minus the non-refundable deposit amount of SGD 8 million (excluding GST)) was paid to the GSM seller on May 9, 2024. The Group has sold 20% of the buyer's interest to Macritchie Developments Pte.Ltd. (“MDPL”), and after completion of the sale, the buyer and MDPL held 80% and 20%, respectively. The balance of the cost has been settled through the buyer's bank loan.

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