LHN executive chairman and group managing director Kelvin Lim is gunning for Coliwoo to have 10,000 rooms by 2030, which he says can be achieved through market consolidation or overseas acquisitions.
LHN’s approach is to offer co-working facilities as a part of value-added shared amenities – a strategy it has adopted for space concepts and yielded positive results, as seen at its communal lounge at Coliwoo Orchard.
Co-living space operator LHN plans to spend $14.5 million to buy 99 Rangoon Road, and convert the property into a student hostel, extending its spate of acquisitions.
LHN has entered into options to purchase a portfolio of units across two properties at River Valley Road for a total consideration of S$23.3 million, with plans to convert them into serviced residences or a hotel under the Coliwoo brand.
This in-depth Q&A session addressed important investor queries, revealing the strategic thinking driving the company’s growth and financial stability, and shed light on what shareholders can anticipate in the coming years.
MAYBANK Securities has initiated coverage on real estate management company LHN with a “buy” call and 12-month target price of S$0.54.
LIM & Tan Securities has initiated a “buy” call on LHN with a target price of S$0.50. It believes the company will stand to gain the most from the growth in the co-living sector.
Featured on Lianhe Zaobao, Mr. Jeremy Ong, General Manager of LHN Parking, discusses the potential in parking assets in the real estate and facility management industries. For LHN Group, carparks have been an attractive asset, with the carpark business performing well in the Group’s Facilities Management Business arm.
REAL estate management services provider LHN said the Shanghai-listed company’s offer to buy over its indirect 84.05 per cent stake in LHN Logistics at S$0.2266 per share aligns with the group’s long-term goal of enhancing shareholder value. If the deal goes through, the transaction is expected to generate S$32 million in cash proceeds for LHN.
A chemical supply chain service provider in China, Milkyway Chemical, intends to make a voluntary general offer for all the issued and paid-up ordinary shares in Catalist-listed LHN Logistics : GIH 0% at an offer price of S$0.2266 per share in cash.