LHN Limited and Coliwoo Holdings Announce Exercise of Call Option for Strategic Hotel Acquisition

Key Points of the Announcement

• LHN Limited and its listed subsidiary, Coliwoo Holdings Limited, have exercised a call option for the acquisition of a significant hotel strata lot located at 2 Changi Business Park Avenue 1, Singapore 486015.
• The acquisition covers both the leasehold estate of the hotel strata lot and several retail units, as well as specific mechanical and electrical equipment on the property.
• The call option was exercised in accordance with the Put and Call Option Agreement dated 30 January 2026, between Coliwoo Project Ace Pte Ltd (the Purchaser, a subsidiary of Coliwoo Holdings and indirect subsidiary of LHN Limited) and Perpetual (Asia) Limited (as trustee of Viva Trust, the Vendor).
• The exercise of the call option creates a binding contract for the sale and purchase of the property, marking a major step forward in the acquisition process.
• The announcement was made on 13 March 2026 by both LHN Limited and Coliwoo Holdings Limited, with further updates promised as material developments arise.

Details of the Acquisition

The property at 2 Changi Business Park Avenue 1 is strategically located within a key business hub in Singapore, offering both hotel accommodation and retail opportunities. The acquisition includes not only the hotel lot but also several retail units and certain mechanical and electrical equipment, which are expected to add to the operational flexibility and value of the property.

The acquisition is being executed through Coliwoo Project Ace Pte Ltd, which is an indirect wholly-owned subsidiary of Coliwoo Holdings Limited. Coliwoo Holdings itself was recently listed on the Mainboard of the Singapore Exchange Securities Trading Limited, with Maybank Securities Pte. Ltd. serving as the Issue Manager and Global Coordinator for the IPO.

Shareholder-Relevant and Price-Sensitive Highlights

• Significant Expansion: The acquisition represents a substantial expansion for the Group, potentially increasing both the asset base and revenue streams, especially as the property includes both hospitality and retail spaces.
• Strategic Location: The Changi Business Park area is a prime business and commercial hub, and securing a presence here could enhance the Group’s market positioning and open new business opportunities.
• Binding Nature of Deal: Upon exercising the call option, the Purchaser and Vendor are now contractually bound, reducing transaction uncertainty and accelerating the timeline to completion.
• Potential for Share Price Movement: Given the size and strategic nature of the acquisition, this news may be considered price sensitive and could influence the share values of both LHN Limited and Coliwoo Holdings Limited.
• Further Announcements Expected: Management has signaled that additional updates will be released as and when there are material developments, which investors should monitor closely.

Management Statement

Lim Lung Tieng, the Executive Chairman and Executive Director of LHN Limited, and also the Executive Chairman and CEO of Coliwoo Holdings Limited, has affirmed the Group’s commitment to transparency and timely disclosure, promising further announcements on this matter as developments arise.

What Investors Should Watch

• Progress towards completion of the acquisition and any potential adjustments to terms or consideration.
• Details regarding the integration of the acquired property into the Group’s operations, including any plans for refurbishment, repositioning, or rebranding.
• Disclosure of financial impact, including acquisition price, funding structure, and expected contribution to Group earnings.
• Any regulatory or shareholder approvals required for completion of the transaction.
• Market response and subsequent share price movement.

Conclusion

The exercise of the call option for the acquisition of the hotel strata lot at 2 Changi Business Park Avenue 1 marks a major milestone for LHN Limited and Coliwoo Holdings Limited. Investors should consider this a potentially significant and price-sensitive development, with further details to be provided by management as the transaction progresses.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors are encouraged to review official company announcements and consult with professional financial advisors before making investment decisions. The author and publisher accept no liability for any actions taken based on this information.

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