Ohmyhome Ltd sells real estate business for US$1 with operations to continue under private ownership
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SINGAPORE – Singapore-founded Ohmyhome Ltd has sold its main real estate brokerage business and will now focus entirely on digital marketing. The property businesses will continue to run privately and its leadership under sisters Race and Rhonda Wong will rOhmyhome Ltd sells real estate business for US$1 with operations to continue under private ownership
SINGAPORE – Singapore-founded Ohmyhome Ltd has sold its main real estate brokerage business and will now focus entirely on digital marketing. The property businesses will continue to run privately and its leadership under sisters Race and Rhonda Wong will remain unchanged.In June 18 filings lodged with the US Securities and Exchange Commission, the Nasdaq-listed company said it had sold its wholly owned subsidiary, Ohmyhome (BVI), to a corporate vehicle called Sterling Oat for US$1 (S$1.30).Ohmyhome (BVI) is the holding company of Ohmyhome Singapore and its subsidiaries, which are engaged in providing real estate brokerage and property-related services in Singapore and Malaysia.These services include property brokerage, property management, renovation and home improvement services, mortgage referrals, legal referrals and other ancillary property-related services.Ohmyhome Ltd said it decided to dispose of its subsidiary after evaluating its declining revenue and continuing operating losses. Read more














