Home News Property

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now