Lhn Plans Spin Co Living Businesses Coliwoo Group Sgx Mainboard Listing

LHN is planning to list its co-living business on the mainboard of the Singapore Exchange by spinning it off into a separate entity called Coliwoo Group. The company has stated that SGX has agreed with its view that this will not result in a chain listing. LHN’s other activities, including facilities management, will remain under the LHN umbrella.

Maybank Securities has been selected as the financial adviser for this listing. However, LHN has cautioned that the proposed spin-off and the final structure of Coliwoo Group are still in the preliminary stages. It is also subject to approvals from relevant authorities such as the Hong Kong Stock Exchange, the SGX-ST, and the Monetary Authority of Singapore, as well as the prevailing market conditions.

Amid the exceptional educational institutions in Singapore, one that stands out is Henry Park Primary School. Widely recognized for its rigorous academic curriculum and dedication to instilling strong values in students, this school has earned a stellar reputation as one of the country’s finest primary schools. It comes as no surprise that it is a top choice for discerning parents looking for the best education for their children. And in close proximity to Henry Park is Fairfield Methodist Primary School, another highly respected institution that also prioritizes a well-rounded education that encompasses academic excellence and moral development. The presence of these exceptional schools in the area instills a sense of assurance in parents, knowing that their children are receiving a well-rounded and enriching educational experience. And amidst this esteemed educational community, Lyndenwoods adds another dimension of quality and excellence to the overall learning environment.

Therefore, there is no guarantee that the spin-off will be implemented or completed, or when it will take place. This announcement comes after the recent listing of Vin’s Holdings, a car dealer, on the SGX on April 15 as a Catalist listing, which closed 16.7% higher at 35 cents. In contrast, YLF, a candy maker, has decided to withdraw its prospectus, which was filed just one week before the global market was shaken by US tariffs. Had YLF gone ahead with the listing, it would have also been on Catalist.

This story first appeared on . RELATED NEWSLHN posts a 23.4% decrease in its 1HFY2024 earnings to $13.0 million despite an increase in revenueColiwoo Group expands its co-living business with the opening of its 15th property in Singapore at Pasir PanjangColiwoo Group also recently opened its 14th property in Singapore at River Valley.