L.C. Development says it intends to invest in 80% of the issued and paid up voting share capital of Cheong Hock Chye & Co. (CHC). CHC owns a 55% stake in Knight Frank Pte Ltd in Singapore (KFS), one of Singapore’s leading real-estate consultancy services firms.
LC Dev says the investment will add to its investment portfolio, not only a profitable business but a reputable firm with a long-standing track record. This will potentially expand the earnings base of LC Dev and enhance its shareholders’ value.
Other than offering a full suite of real estate consultancy services in Singapore, KFS also has operations in the region under KFAP. KFS is part of the wider Knight Frank Group global property network. Headquartered in London, the group is the world’s largest privately-owned global property agency and consultancy.
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