LHN Group

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ACQUISITION OF THE BALESTIER PROPERTY for $18.1m
The Balestier Property is located at 320 Balestier Road, Singapore 329924, comprising of a four-storey corner building, with a total land area of approximately 406.7 square meters. The first floor of the Balestier Property has been leased to the tenant by the Vendor with a tenancy term of two years from 10 July 2020 to 9 July 2022, for which all Vendor’s rights and benefits will be assigned to the Purchaser on the Completion Date. The second, third and fourth floors will be delivered with vacant possession.

The Group intends to operate the Balestier Property as a co-living space. As such, the Balestier Acquisition will expand the Group’s portfolio of properties under the co-living business in Singapore, increase the brand value of COLIWOO, provide potential capital appreciation to the Group and provide additional opportunities to generate revenue.
https://links.sgx.com/FileOpen/20200916%...eID=631934

Stay home and stay safe, everyone.

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LHN FY2020 Result as at 30 Sep 2020
Rev $134m (vs 111m)
GP  $ 63m (vs  5m)
NP  $ 24m (vs  8m)
Div 1cts  (vs 0.5cts)

The Company will make further announcement(s) as and when there are material development(s) to the proposed acquisition of the property at 320 Balestier Road, 40 and 42 Amber Road, carpark at Bukit Timah Shopping Centre and the effects of the introduction of the Re-Align Framework Bill, released by the Singapore’s Ministry of Law, on the Group’s Space Optimisation Business.
https://links.sgx.com/FileOpen/20201127%...eID=640781


Stay home and stay safe, everyone.

[dydx]

The latest financial performance numbers are indeed very impressive!

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Dividend also sweet too.

Stay home and stay healthy, everyone.

[ongweehiang]

Positive profit alert.

https://www1.hkexnews.hk/listedco/listco...001109.pdf

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[weijian]

LHN Group listed on the Catalist in 2015, and dual listed on HKEX in 2017. In 2023, it has proposed to upgrade its Catalist listing to the Mainboard. Could this be a prelude to cancel its HKEX listing, as a couple of SGX-listed companies have done?

RESPONSES TO QUESTIONS RECEIVED FOR EXTRAORDINARY GENERAL MEETING TO BE HELD ON 23 NOVEMBER 2023

Question 2:
As LHN is already listed on the Main Board of the Hong Kong Stock Exchange which is a much larger exchange than SGX, please explain why this is insufficient to provide LHN with greater visibility and recognition in the market and amongst investors (including institutional and overseas-based investors)?

Company’s Response:
The Company’s core investor base remains in Singapore, and our move to the SGX Mainboard is strategic, allowing us to tap into a wider pool of institutional investors, including, among others, investors who have mandates restricting investment in Catalist-listed companies. The SGX Mainboard listing is anticipated to increase our exposure to these investors and increase our Company’s prestige. Despite the size of the SEHK Mainboard, the sheer number of listed companies there can dilute our visibility.

https://links.sgx.com/FileOpen/e%20Respo...eID=778493