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10-05-2024, 09:16 PM
(This post was last modified: 10-05-2024, 09:17 PM by RBM.)
(10-05-2024, 07:21 AM)dydx Wrote: The land plot at 30 Kranji Way, which used to rented out for heavy vehicles parking and storage, is now mostly empty based on aeriel Google Maps....
https://maps.app.goo.gl/Hh5oL3pVBNBQQjqS8
It is quite an eye sore! If LHT doesn't wish to develop the land plot, the company should sell it.
As the saying goes: a picture (or perhaps a satellite image) speaks a thousand words. dydx’s post puts to rest any notion that LHT’s Kranji Way site has appreciably more visual appeal than its current Sungei Kadut site. And LHT will have some interesting neighbours.
I have to wonder precisely what restrictions have been placed on LHT vis-a-vis sub-leasing and selling on subdivided parcels.
As an aside, LHT’s shares traded today near their all time high, again in higher than average volumes.
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RBM, Retired Botanic MatSalleh
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11-05-2024, 03:37 PM
(This post was last modified: 11-05-2024, 03:50 PM by RBM.)
(11-05-2024, 11:01 AM)weijian Wrote: hi ghchua,
Thanks for the heads-up. Coincidentally, the AGM MoM was published yesterday and there was an abnormal huge vote against the special dividend. The "against dividend" camp is probably also against ED Tan, since the numbers are similar I suppose. But then again, the biggest shareholder who will benefit from the special dividend is Li.
RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING HELD ON 29 APRIL 2024:
https://links.sgx.com/FileOpen/LHT_Annou...eID=803070
Hello Weijian,
When announcing Resolution Vote counts at LHT’s recent AGM, I understand that Chairman Li volunteered that he voted against the Special Dividend. I can only speculate why. I would note that Mr. Li assumed the LHT Chairman position five days before the AGM. Prior to that, Mr. Li was a Non-Independent Director, Non-Independent by virtue of his Company’s LHT shareholding.
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Won't developing that new kranji land plot needs more capital? Yet they are able to dishing out special bump dividends. admirable