Enviro-Hub

Enviro-Hub: lifts halt at 8.45am this morning. Its 51% subsidiary, EH Property has exercised the options to purchase an aggregate 97 strata units (69.4% strata share value) at 63 Hillview Avenue, Lam Soon Industrial Building for $140.8m. The remaining 49% shareholding in EH Property is held by BS Capital, wholly owned by Mr Raymond Ng Ah Hua, a controlling shareholder and Chairman of Enviro-Hub. The property is a freehold 10 storey light industrial strata-titled devt comprising 154 strata warehouses and light industrial factory units, with total strata floor area of 35,537 sm, incl 8,008 sm of void area. The acquisition is in line with the group’s strategic efforts to pursue further exposure in the property sector, and will provide an additional source of revenue.