The Business Times
business-time-50
SUBSCRIBERS

LHN eyes growth and valuations with spin-off and listing of logistics arm

google-preferred-sourceAdd BT as a preferred source
Raphael Lim

Raphael Lim

Published Wed, Apr 20, 2022 · 04:04 PM
    • LHN Logistics lodged its final offer doucument on Apr 19, with plans to raise gross proceeds of S$5 million from the placement of 25.2 million shares.
    • LHN Logistics lodged its final offer doucument on Apr 19, with plans to raise gross proceeds of S$5 million from the placement of 25.2 million shares. LHN

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    CATALIST-LISTED LHN Limited's spin-off and listing of its logistics arm LHN Logistics would give the logistics unit resources to grow and also provide greater clarity for investors to value its property and logistics segments, said executive chairman of both entities, Kelvin Lim.

    Speaking to The Business Times in an interview, Lim said that the exercise is “more a restructuring rather than a fundraising”, and noted that LHN Limited has been listed for many years, but their price-to-earnings ratio (PE) is “not doing great”.

    The group currently trades at a trailing PE ratio of around 4.8, and Phillip Securities analyst Vivian Ye had noted in Dec that it was trading lower than its peer average.

    lhn limitedIPOLogistics

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    DPM Gan Kim Yong said the question is not whether shocks will occur in future, but whether Singapore's systems are able to absorb them, and continue to function.

    DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More