Sinjia Land to buy 80% stake in G4 Station; diversify into property business

SINGAPORE (July 5): Sinjia Land, formerly known as HLN Technologies, on Tuesday said it has entered into a new sale and purchase agreement for a 80% stake in hostel operator G4 Station for $664,000, and diversifying into the property business.

Sinjia Land is currently involved in the engineering, manufacturing and sale of customised precision elastomeric and polymeric components to various industries, as well as the developing and installing of fuel cells and other clean energy systems for the generation and sale of electricity.

Sinjia Land said an extraordinary general meeting (EGM) will be convened to seek specific approval from shareholders of the company for both the proposed acquisition and diversification.

---

Related Stories

• Sinjia Land CEO, in midst of executing US$2 bil RTO deal, assisting with CAD and MAS probe
• Are sorghum plants and fuel cells worth the US$3 bil 3DOM Inc-linked RTO deals?
• Sinjia Land triggers SGX query following 'unusual volume movements' in shares

---