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

  • 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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