LHN unit divests 20% stake in Coliwoo (TK)

The unit sold 20,000 shares for $20,000.

Coliwoo Holdings, an indirect wholly-owned subsidiary of LHN Limited, has sold its 20% stake in Coliwoo (TK) to Macritchie Developments for $20,000.

Coliwoo (TK) will remain a subsidiary of LHN Limited since Coliwoo Holdings still holds an 80% ownership stake.

Macritchie Developments, a Singapore-incorporated LLC, operates in real estate development and is the joint venture partner of LHN Limited in Jadeite Properties.

ALSO READ: LHN Limited’s net profit drops 16.6% YoY to $38.2m in FY23

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subsidiary disposal

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