Land & Homes Group Limited: Appointment of Receiver for Subsidiary.

Land & Homes Group Limited (ASX: LHM), currently under administration, has announced the appointment of receivers for its wholly owned subsidiary, Land & Homes Investment Pty Ltd. United Overseas Bank Limited has appointed Sam Marsden and Timothy Heenan of Deloitte SRT Pty Ltd as receivers, effective 6 December 2024.The appointed Administrator for LHM continues to review and assess the group’s financial and operational position to determine recommendations for its future. Stakeholders are assured of ongoing updates regarding significant developments during the administration process, which will be communicated through ASX announcements.

This action represents a critical phase in addressing the company’s challenges, as the Administrator evaluates options to secure the best possible outcomes for the company and its stakeholders. The announcement was released under the authority of the company’s Administrator, reflecting its commitment to transparency and regulatory compliance.

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