Stocks to watch: LHN, SGX, Tan Chong International

THE following companies saw new developments that may affect trading of their securities on Friday (Sep 15):

LHN : The Catalist-listed real estate management services group on Thursday provided an update of its business segments. It reported occupancy rates of 85 per cent to 100 per cent for three of its co-living locations in Singapore as at Sep 7, with average rental rates across the country’s co-living business ranging from S$2,200 to S$3,500. Shares of LHN ended flat at S$0.325 before the announcement.

Singapore Exchange (SGX): The securities and commodities exchanges company said it will implement a new organisational structure, which includes the appointment of Michael Syn as the bourse’s president and head of its global markets division. All business lines, except for indices, will be under his purview in the new role. Key changes for the new structure take effect on Oct 1. Shares of SGX rose 1.2 per cent or S$0.12 to close at S$9.84 on Thursday, after the announcement.