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01730 LHN
RTNominal unchange1.850 0.000 (0.000%)
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20/01/2020 15:24

LHN (01730) unit signs MOU for Malaysia business

[ET Net News Agency, 20 January 2020] LHN Limited (01730) said its subsidiary LHNFM has
entered into a non-binding MOU with LINBAQ and JG Land. The company and JG Land will
potentially set-up a joint venture company in Malaysia to provide management and lease
services under the "Coliwoo" brand for at least 150 apartment units and/or rooms at Space
Residency in Malaysia, which is being developed by LINBAQ.
The management and lease services that are expected to be provided by the joint venture
company may include short and long term leases management, managing of rental income and
expenses, house-keeping, maintenance and repairs. If completed, the joint venture would be
the company's first project under the space optimisation business in Malaysia. (RC)

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