According to LHT Holdings, the existing lessee has obtained a leasehold interest in the property from JTC Corporation. The existing lease of the property commenced on Feb 1, 2023. As at Dec 30, the unexpired leasehold property of the property is about 13 years.
LHT Holding’s wholly-owned subsidiary, LHT Ecotech Resources, has obtained from DBS Bank an option to purchase (OTP) for the property at 6 Tuas South Street 10. The OTP was obtained on Dec 29 and will lapse if not exercised within two weeks.
DBS Bank is the mortgagee of the property. Transvert Scaffold & Engineering is the mortgagor and lessee of the property.
