LHN sells 20% of GSM Building to Oxley's Ching

Bryan Wu04-22

LHN sells 20% of GSM Building to Oxley's Ching Coliwoo (TK), a subsidiary of LHN, is in the process of acquiring GSM Building, through public tender. The acquisition is expected to be completed on May...

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The acquisition is expected to be completed on May...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/company-news/lhn-sells-20-gsm-building-oxleys-ching?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01730","symbol_name":"LHN","start_time":0,"source_url":"https://www.theedgesingapore.com/news/company-news/lhn-sells-20-gsm-building-oxleys-ching?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2429812185","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429812185","pubTimestamp":1713761454,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"LHN sells 20% of GSM Building to Oxley's Ching ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"01730":"LHN","5UX.SI":"豪利","BK4168":"多种金属与采矿","BK6117":"房地产开发","41O.SI":"贤能","BK1258":"房地产运营公司","BK4144":"石油与天然气的储存和运输","BK6512":"房地产股","BK6110":"房地产经营公司","BK1229":"房地产经营公司","GSM":"Ferroglobe PLC","TK":"Teekay","BK6139":"房地产运营公司"},"translate_title":"LHN将GSM大楼的20%出售给Oxley’s Ching","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01730":1,"41O.SI":1,"5UX.SI":1,"GSM":1,"TK":1},"content_text":"LHN sells 20% of GSM Building to Oxley's Ching Coliwoo (TK), a subsidiary of LHN, is in the process of acquiring GSM Building, through public tender. The acquisition is expected to be completed on May 9. On April 22, LHN entered into a sale and purchase agreement with Macritchie Developments. Under this agreement, Coliwoo Holdings will sell 20% of GSM Building to Macritchie Developments. Upon completion of the disposal, GSM Building will be 80% owned by LHN and 20% by Macritchie Developments. \nIn 2023, LHN acquired GSM Building in an en-bloc sale for $80 million. Earlier this year, following the grant of an order for sale, LHN had said it plans to complete its acquisition of the asset on May 9.  As of Feb 9, LHN had already paid a deposit of $4 million. Within seven days from the Order for Sale grant, LHN must pay a further $4 million and the remaining 90% of the consideration upon the completion date.\nMacritchie Developments is 90% owned by Ching Chiat Kwong, chairman and CEO of Oxley Holdings 5ux, and 10% held by Shawn Ching. \nShares in LHN closed unchanged at 32 cents on April 22.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429812185"}