Ho Bee Land says the associate holds a project in Tianjin in which Ho Bee owns 49%. This Tianjin Renmei Project is developing 12 blocks of 752 residential units with a total gross floor area of approximately 117,100 sqm.
London isn't the only city Ho Bee Land (SGX:H13
) is facing challenges in. On March 15, questions from the Singapore Exchange (SGX:S68) shone a light on a challenge in Tianjin.
The SGX asked Ho Bee about a net loss of $10.2 million in the share of results of its associates in FY2023 compared with a profit of $32.7 million in FY2022
