Enviro-Hub (SGX:L23) received a notice from a potential purchaser regarding its decision not to proceed with a letter of intent to acquire the company's subsidiaries, HLS Environmental and HLS Property, according to a Thursday filing with the Singapore Exchange.
The purchaser had made an initial deposit of SG$500,000 under the letter of intent, which both parties have agreed to forfeit, with the company retaining the deposit in full.