Enviro-Hub (SGX:L23) received a notice from a potential purchaser regarding its decision not to proceed with a letter of intent to acquire the company's subsidiaries, HLS Environmental and HLS Property, according to a Thursday filing with the Singapore Exchange.
The purchaser had made an initial deposit of SG$500,000 under the letter of intent, which both parties have agreed to forfeit, with the company retaining the deposit in full.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.