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.
Savvy and astute, Kelvin Lim has grown accustomed to wearing many hats. He’s the executive chairman, executive director and group managing director of LHN Group, a real estate management services group that has a hand in space optimisation, facilities management and logistics services all at once.
Over the past week, the shares of LHN have soared around 20 per cent amid concerted efforts by the company to engage the market. Its founder and executive chairman Kelvin Lim has been explaining LHN’s business model, strategy, value proposition and outlook to analysts and investors.
LHN intends to drive organic growth through continued in-depth market research and cost-effective renovation. techniques to maximise its leasable units and rental yield. Plus, besides “recycling” buildings, LHN is keen to enhance its solar energy and EV charging solutions profile with its brand LHN Energy.
Space-optimisation and serviced-apartment specialist LHN Group is looking at options to enhance shareholder value, including boosting its dividend payouts and putting in place a firm dividend policy.
LHN first entered the co-living space when it developed a co-living property jointly with Hmlet in Cantonment, which was launched in November 2019. LHN has further expanded since then, acquiring properties all around Singapore, refurbishing them and turning them into its Coliwoo brand of co-living spaces.
CNA reports that there is an increasing number of businesses turning to low-cost storage alternatives as office and shop rentals rise. This trend is evident in a 20% surge in enquiries for Work + Store storage facilities over the past few years, according to Mr. Danny Wong, CEO of Work+Store.
Beyond designing and installing PV systems for properties, LHN Energy Resources also offers EV charging stations across Singapore. Each is equipped with AC 7.4 kW/22kW chargers, which can be upgraded to a DC system. “Sustainability has become a critical element in both life and business, so we must broaden our offerings for clients and tenants,” says Lim.