LHN Logistics lodges preliminary offer document

Singapore

LHN Logistics lodged its preliminary offer document late Wednesday (Mar 30) as its parent company, property player LHN, seeks its spin-off and listing on the Catalist board of the Singapore Exchange (SGX).

The document states that 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.