LHN sells 50% indirect stake in Metropolitan Parking for S$28.5 million plus NAV adjustment

Reuters2026/08/07 14:01

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LHN to exit Metropolitan Parking via sale of its indirect 50% stake to Millennial Development under a 7 Aug 2026 SPA.
Deal values the target at S$28.5 million, with a post-completion net asset adjustment mechanism.
LHN expects to receive S$14.25 million for its stake, subject to the net asset adjustment.
Completion targeted within 12 weeks; proceeds earmarked for working capital, including funding new and ongoing projects or properties.
Estimated net proceeds to the group about S$4.5 million; estimated loss on completion about S$0.2 million for FY2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LHN Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: Z5OLYHLSUG8414Y9) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LHN sells 50% indirect stake in Metropolitan Parking for S$28.5 million plus NAV adjustment

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