LHN Limited Plans Spin-Off and SGX Listing for Coliwoo Group

LHN Limited ( (SG:41O) ) has shared an update.

LHN Limited has announced a proposed spin-off and separate listing of its wholly-owned subsidiary, Coliwoo Group, on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST). Coliwoo Group, which will focus on the co-living business, is undergoing an internal restructuring to facilitate this spin-off. The proposal is subject to regulatory approvals and market conditions, and if successful, LHN Limited will retain a majority shareholding in Coliwoo Group. This move could potentially be classified as a major transaction under Hong Kong Stock Exchange rules, requiring shareholder approval.

More about LHN Limited

LHN Limited is a Singapore-based company engaged in four distinct business segments: space optimization, property development, facilities management, and energy. The company is known for its co-living business, which falls under its space optimization segment.

YTD Price Performance: -15.31%

Average Trading Volume: 1,252,826

Technical Sentiment Signal: Sell

Current Market Cap: S$173.6M

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