- Potential disposal reflects the Group's strategic realignment to recycle capital to its other business segments
- Enterprise value for the Group's two subsidiaries ranges between S$45 million and S$55 million
SINGAPORE -
Media OutReach Newswire - 03 April 2025 –
Enviro-Hub Holdings Ltd (SGX: L23) ("Enviro-Hub" or the "
Company", and together with its subsidiaries, the "
Group") today announced that it has entered into a non-binding letter of intent ("
LOI") with a company headquartered in the Asia-Pacific region that deals with non-metallic products ("
Potential Purchaser") to explore the sale of the entire issued and paid-up share capital of HLS Environmental Pte Ltd ("
HLSE") and HLS Property Pte Ltd ("
HLSP"), which are wholly owned subsidiaries of the Group (the "
Proposed Disposal").
Read more: Enviro-Hub Signs LOI to Divest Waste Recycling and Property Units in Strategic Pivot
