HLH inks sale of hotel in Cambodia project for S$15.7m

[Singapore] HLH Group Limited said it has entered into a sale and purchase agreement to sell its 98-room hotel in its D'Seaview project in Sihanoukville, Cambodia for S$15.7 million.

The news sent shares of HLH Group leaping by 40 per cent or 0.2 cent to 0.7 cent after active trading that saw 44.5 million shares change hands on Monday.

D'Seaview is HLH Group's first freehold mixed-use development venture in Cambodia, comprising 737 residential units and 67 commercial units. The four blocks of commercial segment include a mix of commercial shop space, retail units and a boutique hotel.