Blog Post HL Global Enterprises (AVX.SI) - Potential exit from SGX-ST Watchlist
A few interesting facts from the completion of the complex disposal of
HL Global Enterprises'
(AVX.SI) share capital of LKN Investment International Pte Ltd (LKNII), which consists of 100% interest in Hutai that owns the 106-unit serviced apartment building Elite Residences located near Shanghai's central district as well as the 60% interest in loss-making CHQ that consists of the 455-unit Copthorne Hotel in Qingdao, located near Qingdao's central business district. More information can be gleaned
Elite Residences in Shanghai, the PRC
1. The company will receive net proceeds in excess of S$100M from both deals, the bulk of it already received. 2. HL Global will become a net cash company VS a net debt company before the disposal. 3. HL Global should report positive book value VS a negative book value previously. 4. The now ...