News from Asia

Tue Apr 8

Enviro-Hub Signs LOI to Divest Waste Recycling and Property Units in Strategic Pivot

Written by Viw Magazine

Potential disposal reflects the Group's strategic realignment to recycle capital to its other business segments
Enterprise value for the Group's two subsidiaries ranges between S$45 million and S$55 million

SINGAPORE - Media OutReach Newswire - 03 April 2025 – Enviro-Hub Holdings Ltd (SGX: L23) ("Enviro-Hub" or the "Company", and together with its subsidiaries, the "Group") today announced that it has entered into a non-binding letter of intent ("LOI") with a company headquartered in the Asia-Pacific region that deals with non-metallic products ("Potential Purchaser") to explore the sale of the entire issued and paid-up share capital of HLS Environmental Pte Ltd ("HLSE") and HLS Property Pte Ltd ("HLSP"), which are wholly owned subsidiaries of the Group (the "Proposed Disposal").

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