LHN enters MoU to set up Malaysia JV for management services
CATALIST-LISTED LHN Group has inked a non-binding Memorandum of Understanding (MoU) with property developer LINBAQ and JG Land to provide management and lease services under the "Coliwoo" brand for at least 150 apartments at Space Residency in Malaysia.
Space Residency is a development by LINBAQ. The management and lease services that are expected to be provided may include short- and long-term lease management, managing of rental income and expenses, as well as maintenance and repairs.
If completed, the joint venture would be LHN's first project under the space optimisation business in Malaysia. The MoU has an exclusivity period of three months.
LHN shares closed at S$0.135 on Friday, up 3.85 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try