LHN Limited (SG:41O) has released an update.
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LHN Limited has strategically expanded its portfolio by purchasing Wilmer Place for S$26.5 million, with the intent to transform it into a co-living space under the Coliwoo brand. In contrast, the company has divested its 40% stake in Bukit Timah Shopping Centre Car Park, yielding an estimated S$4 million in net proceeds to enhance cash flow and fund further investments. This move aligns with LHN’s focus on co-living properties and capital recycling to drive growth and shareholder value.
For further insights into SG:41O stock, check out TipRanks’ Stock Analysis page.
