LHN hits all-time intraday high of S$0.46 after fundraising announcement

It plans to raise a total of S$2.2m from placing out up to 6.5m new shares at S$0.3351 each

Michelle Zhu

Published Sat, Jun 12, 2021 · 05:50 AM

Hot Stock

Singapore

SHARES of LHN rose to an all-time high on Friday morning after the Catalist-listed property group announced plans to raise S$2.2 million through a private placement.

As at 9.40am, the counter had climbed nine Singapore cents or 24.3 per cent to reach a historical peak of 46 cents before ending the day at 42.5 cents, up by 5.5 cents or 14.87 per cent.