Briefing

KLW acquires another property in Melbourne

DOOR-MAKER KLW Holdings said it plans to acquire a five-storey property in Melbourne, Victoria, Australia for A$12.5 million (S$13.3 million) to be funded through internal resources and debt. This marks a continuation of the firm's foray into the real estate business, following an acquisition of a property in Melbourne last September. It also announced the incorporation of two subsidiaries for the group's development of its property business - Ambertree Lincoln and Ambertree Development.

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