LHN joint venture property purchase rescinded due to family dispute

LHN Limited announced on October 28, 2025, that the option to purchase for a property related to a previously established joint venture has been rescinded. This decision stems from a court order prohibiting the property seller and THK from disposing of or dealing with the property, which is currently subject to a family dispute.

The rescission means the purchase will not proceed. As a result, the S$1,740,000 payment made by JV Company A on behalf of JV Company B to the seller of the property will be fully refunded six months from the deed date. The parties have agreed that no claims for damages, costs, or compensation will arise in connection with the option to purchase.

The executive directors of LHN Limited are Mr. Lim Lung Tieng and Ms. Lim Bee Choo, with independent non-executive directors including Mr. Chan Ka Leung Gary, Mr. Ang Poh Seong, and Mr. Lim Kian Thong.