Ho Bee Land Limited

AVJ has accepted a competing binding offer.

The SPV holds the biomedical life-science development, Elementum.

The company credited its return to profitability to a revenue increase.

The notes will mature on 11 July 2029.

Loss per share stood at $0.3913.

The company will release its FY23 results on or before 26 February.

The consideration for the disposal will be satisfied wholly in cash.

Yanlord acquired the property for approximately CN¥1.5b through a public land auction.