HLH clarifies erroneous announcement on SGX StockFacts portal

HLH Group has clarified that erroneous information was posted on the SGX StockFacts portal in February which claimed that the group has cancelled its acquisition of a land parcel in Cambodia.

"Shareholders are to note that the statements made in the erroneous announcements are incorrect as the land is currently marketed as the development site for D'Seaview, a project recently launched by the company," said HLH. "The announcements were subsequently removed from the portal at the request of the company, and SGX has apologised for the error made."

HLH previously announced that it was acquiring the 9,818 sq m parcel in Sihanoukville, Cambodia which will be the site of a freehold residential project.

It broke ground on the site in January this year.