Koh Brothers, Heeton Land sell off JV Buildhome

SINGAPORE (July 20): Construction and engineering firm Koh Brothers Group, together with another stakeholder, has sold off joint venture (JV) Buildhome Pte Ltd for S$41.6 million (RM130.4 million), according to a report by The Business Times.

Mainboard-listed Koh Brothers’ wholly-owned subsidiary, Koh Brothers Development Pte Ltd, and Heeton Land Pte Ltd, which is wholly-owned by Heeton Holdings Ltd, have sold their respective 50% stakes in Buildhome to Singapore-incorporated Central Core Pte Ltd, said Koh Brothers in a filing with Singapore Exchange yesterday evening after the market closed, added The Business Times.

This article first appeared in The Edge Financial Daily, on July 20, 2017.

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