Corporate digest

LHN

LHN has raised HK$79.8 million (S$13.7 million) in gross proceeds from its offering of 42 million new shares at HK$1.90 each in its dual-listing in Hong Kong. The bulk of the net proceeds of HK$46.5 million is expected to be used for the expansion of the firm's space optimisation business by acquiring a new property in Singapore. The remainder will go into buying a property in Singapore to operate a carpark for its logistics vehicles and logistics services management business, the company's first operation in China, general working capital purposes as well as transportation equipment. Trading in Hong Kong is expected to begin on Dec 29.

Soon Lian Holdings