One of LJ Hooker's lenders has emerged as the real estate group's preferred buyer.
Street Talk revealed tonight that administrator KPMG had tapped a proposal from Singapore's Koi Structured Credit, which has been a lender since 2017, as the best of three offers the group had received. LJ Hooker's board called in the administrators in June to help recapitalise the company, and creditors will vote on the proposals this week.
Singaporean fund manager Koi Structured Credit is the favourite to take the keys to Australian real estate group LJ Hooker after securing the support of administrator KPMG.
