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 here:
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 ...

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