Stocks to watch: LHN, Lendlease Reit, AsiaMedic, SingPost, Hatten Land, SMI Vantage
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THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 31):
LHN: LHN Logistics lodged its preliminary offer document on Wednesday as its parent company, property player LHN, seeks its spin-off and listing on the Catalist board of the Singapore Exchange. Part of the gross proceeds raised from the placement will go towards the logistics-services group's plans to increase its scale of operations by growing its transportation fleet. Shares of LHN closed up 9.1 per cent or S$0.03 at S$0.36 before the announcement on Wednesday.
Lendlease Global Commercial Reit : The manager on Thursday declared an advanced distribution of S$0.011371 per unit to be paid in connection with the real estate investment trust's recently announced private placement. Holders of Lendlease Reit units as at 5 pm on Mar 30 are entitled to the advanced distribution. The counter closed 2.5 per cent or S$0.02 lower at S$0.77 on Wednesday.
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