Hong Lai Huat sells D'Kranji Farm Resort for $4.8 mil to operator Gallop Green

Hong Lai Huat Group is selling its subsidiary HLH Agri R&D, which owns D’Kranji Farm Resort, to Gallop Green for a consideration of $4.8 million.

The group, via its subsidiary HLH Agri International which wholly owns HLH Agri R&D, signed a term sheet pursuant to which Gallop Green will acquire the entire equity interest in HLH Agri R&D.