LHN to get S$32 million cash infusion if LHN Logistics offer goes through

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.

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Competition in Singapore co-living sector cranking up

A wave of demand originated from Singaporeans turning to co-living as a more affordable solution when residential rents surged in 2021 and 2022. Operators also saw local renters who were waiting for their flats to be completed, and young professionals driven to look for space to work from home.

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