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LHN IPO - first ipo for the year should do well
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Joelton
Supreme |
17-Feb-2025 09:00
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LHN establishes JV with Oxley&rsquo s chairman and group general manager to acquire and redevelop property in Geylang
 
LHN Group, a direct wholly-owned subsidiary of dual-listed LHN Limited, has established a joint venture (JV) with its JV partners to acquire, develop, market and sell the property on 30, 30A, 30B, 32, 32A and 32B Lorong 22 Geylang and 32D, 32E, 32F, 32G, 32H and 32J Lorong 22 Geylang. The property was purchased at $30 million excluding GST.
 
According to LHN&rsquo s Feb 14 filing, LHN Group established a JV with its joint venture partners, so-called &ldquo JV Partner A&rdquo on the same day. The JV was established so that the group can enter into another JV with &ldquo JV Partner B&rdquo . The newly-created JV, or JV Company B, will then acquire, develop, market and sell the Geylang property.
 
The newly-formed JV has been granted the option the purchase for the property, although the option has yet to be exercised. The filing adds that the JV partners intend to redevelop, which includes demolishing and rebuilding property into a strata-titled commercial building. The JV will market and sell the units in the open market and lease, run and, or operate the remaining unsold units for commercial usage business.
 
LHN Group will be the sole project management company in charge of the new JV business.
 
Ching Chiat Kwong, executive chairman and CEO of SGX-listed Oxley Holdings , has a 90% stake in JV Partner A while his son, Shawn Ching Wei Hung, executive director and group general manager of Oxley has the remaining 10% stake in the JV partner. As at Feb 14, JV Partner A is a substantial shareholder of Coliwoo (TK), an indirectly non-wholly owned subsidiary of LHN Limited. As such, the JV partner is a connected person to LHN Limited at the subsidiary level.
 
JV Partner B is a Singapore-incorporated investment holding company and is 50%-owned by Darren Low Jun Jie and Tan Hui Kang equally. Low is a lawyer while Tan is a doctor.
 
The new JV is 58%-owned by JV Company A and 42%-owned by JV Partner B. JV Company A is 50%-owned by LHN Group and 50%-owned by the JV by Ching and his son. LHN Group and the Chings will pay a maximum contribution of $14.5 million each.
 
It' s not the first time that LHN and the Chings have teamed up. Last year, LHN and the Chings acquired Wilmer Place at 50 Armenian Street for $26.5 million on Apr 9, followed by another deal on April 22, involving GSM Building at the corner of Middle Road and Waterloo Street.
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SmallSmall
Supreme |
31-Jan-2025 15:01
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New high breached ! $0.545....Uncharted liao.... Now can go for $0.60 next
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SmallSmall
Supreme |
08-Jan-2025 13:52
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Started moving up again.....$0.515 + $0.015, Previously high was $0.535 |
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tccroy
Elite |
17-Dec-2024 11:53
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I sold my 1st lot at 52.5 yesterday and will keep the remaining for dividends payout. | ||||
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superstartup
Elite |
16-Dec-2024 17:06
Yells: "Enjoy doing Fundamental Research" |
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Taught some people (shortists) a lesson on SG Yuan Nice nice yummy
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superstartup
Elite |
16-Dec-2024 16:58
Yells: "Enjoy doing Fundamental Research" |
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Wow Yummy
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SmallSmall
Supreme |
16-Dec-2024 16:55
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This one no horse run.... | ||||
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superstartup
Elite |
16-Dec-2024 14:39
Yells: "Enjoy doing Fundamental Research" |
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Bro, you post SG Yuan Later others come out and poke him again la When SG Yuan helps people made $, they tiam tiam no thanks These days, they like poke SG Yuan  
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buayjinchu
Senior |
16-Dec-2024 14:33
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From SgYuan:
lhn day w5 500 hit 520 dn 38.2 500 must hold or lower trendline  then next fib 530 535 565 wc up 565 |
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buayjinchu
Senior |
16-Dec-2024 13:59
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515 cleared too !   Wow ! | ||||
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buayjinchu
Senior |
16-Dec-2024 13:27
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500 cleared !!
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buayjinchu
Senior |
16-Dec-2024 11:14
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Big push to 495 again.
LHN optimises Coliwoo' s co-living spaces to give back to the community 15 Dec 2024 15:59
This is especially important in Singapore `where space is a constraint?, says LHN chief strategy officer Darren Loh  By Lindsay Wong ABOUT 15 to 20 children living in public rental flats in Boon Lay kick off their weekends by getting help with their homework from volunteers and playing games. |
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hschsc
Master |
11-Dec-2024 19:07
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you can wait untill drop to around $0.40.
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ahberngh
Master |
11-Dec-2024 16:46
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Sian, round 1 over, push to 50c. Now pressing down to collect before round 2. |
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tccroy
Elite |
04-Dec-2024 14:42
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I'm not selling all. Will still keep half of my holding
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vinc3362
Member |
04-Dec-2024 14:22
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Just let your profits run. High chance you will regret selling at 50 a few months later.   |
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tccroy
Elite |
04-Dec-2024 14:04
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I'm still holding on but may sell some if the price touch 50(look likely)
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hschsc
Master |
04-Dec-2024 13:20
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Might be good news as selling of the 3 properties.
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tccroy
Elite |
04-Dec-2024 13:13
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I start to worry once they show their TP. They have have push up and start dumping
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hschsc
Master |
04-Dec-2024 11:00
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My fair value is $0.65.
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