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grasscarp| LHN(01730.HK) completes acquisition of GSM properties
editor 2024-05-10 01:47:41
29

Gelonghui May 9 丨LHN(01730grasscarp.HK) announced that the board of directors is pleased to announce that the GSM property acquisition has been completed on May 9, 2024. GSM Property Pricegrasscarp(i.e. Singapore million (excluding Goods and Services Tax))(the "Consideration Balance", i.e. the total consideration less a non-refundable deposit amount of Singapore million (excluding Goods and Services Tax)) was paid to the GSM seller on May 9, 2024. The group has submitted a request to Macritchie Developments Ptegrasscarp.Ltd. ("MDPL") Sale BuyergrasscarpAfter the completion of the disposal, the purchaser is 80% owned by the Group and 20% owned by MDPL. The balance of the consideration has been settled through bank borrowings from the buyer.

grasscarp| LHN(01730.HK) completes acquisition of GSM properties

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