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Lorenzo signs MOU deal to buy real estate businesses

Published on Oct 3, 2012 9:54 PM

Lorenzo International has signed a framework agreement with Mr Dennis Yong and Mr Jeffrey Hong to acquire their 49 per cent stake in GPS Alliance Holdings.

The remaining 51 per cent shall be continued to be held by Koon Holdings, a company listed on both the Australian Stock Exchange and the Singapore Exchange.

Incorporated in Singapore, GPS is an investment holding company that has five subsidiaries that are engaged in a wide spectrum of businesses, including real estate agency services, corporate leasing services, investment sales, en-bloc sales, advisory services and home furnishing.