SINGAPORE, 23 May 2025 - LHN Limited, a real estate management services group based in Singapore, announced the divestment of its property at 115 Geylang Road. The transaction, conducted through its subsidiary Coliwoo Holdings Pte. Ltd., involves the sale of its entire shareholding in the entity owning the property to CWL Properties Pte. Ltd. for S$25.8 million. The divestment is part of LHN's strategy to optimize its business structure and enhance financial flexibility for future opportunities. Estimated net proceeds from the sale, after accounting for outstanding bank loans and related costs, are approximately S$10.7 million. The Geylang Road property, acquired by LHN in 2021, has been operated as a hotel.
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