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LHN acquires Amber property through JV company for $27 mil

Felicia Tan
Felicia Tan3/25/2021 12:40 AM GMT+08  • 1 min read
LHN acquires Amber property through JV company for $27 mil
The acquisition is expected to be completed by June 8.
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LHN has, through its joint venture company (JVC), accepted the option under the option to purchase for the acquisition of the Amber property at the purchase price of $27 million.

The option to purchase has become the binding sale and purchase agreement (SPA) for the Amber property.

As at March 24, the JVC has paid $1.35 million or 5% of the purchase price. The balance of $25.65 million will be paid upon the completion of the acquisition.

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