Core Viewpoint - LHN's subsidiary, Coliwoo Holdings Pte. Ltd. (CHPL), along with Globalpoint Far East Pte. Ltd. (GPFE), has entered into a non-binding term sheet to sell 100% of Coliwoo PP Pte. Ltd. (Coliwoo PP) for a consideration based on a property value of SGD 43.9 million, plus the adjusted net asset value of Coliwoo PP at the time of closing [1][2] Group 1 - The sale involves 100,000 ordinary shares of Coliwoo PP, which represents all issued and paid-up shares of the company [1][2] - Coliwoo PP is currently 80% owned by CHPL and 20% owned by GPFE, with a total issued and paid-up capital of SGD 100,000 [2] - Coliwoo PP operates as the registered owner of a property located at 404 Pasir Panjang Road, Singapore, which is managed as Coliwoo Hotel Pasir Panjang, a co-living space [2] Group 2 - Upon completion of the proposed sale, Coliwoo PP will no longer be a subsidiary of the group [2] - The buyer will ensure that Coliwoo PP enters into a master lease agreement with CHPL and/or its subsidiaries to lease back the property [1]