Hong Lai Huat Enters into Strategic Term Sheet with The Assembly Place

MT Newswires

2024-11-29

Hong Lai Huat (SGX:CTO) entered into a strategic term sheet with The Assembly Place to help manage its real estate and development projects in Cambodia, according to a filing with the Singapore Exchange on Thursday.

Under the term sheet, The Assembly Place will assist the group in enhancing the value of its mixed-use developments and introduce a co-living concept to the Cambodian market.

Shares of the property developer were down nearly 2% in recent trading.

Price (SGD): S$0.05, Change: S$-0.0010, Percent Change: -1.89%

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