LHN Ltd. (41O.SI) saw its stock price surge by 7.56% in early trading on Wednesday, following a significant announcement regarding its subsidiary, Coliwoo Holdings. The company revealed that Coliwoo Holdings has received an Eligibility-to-List letter from the Singapore Exchange Securities Trading Limited (SGX-ST), paving the way for its potential listing on the SGX Mainboard.

According to the announcement made by LHN Ltd., Coliwoo Holdings, which is set to be renamed Coliwoo Holdings Limited, has met the initial requirements for listing on the SGX Mainboard. This development is seen as a positive indicator of the subsidiary's growth and potential, likely contributing to the parent company's stock price increase. The listing is subject to market conditions and the fulfillment of all Eligibility-to-List conditions.

Investors appear to be reacting favorably to this news, viewing it as a potential value driver for LHN Ltd. The listing of Coliwoo Holdings could provide increased visibility and access to capital markets, potentially benefiting the parent company's overall financial position. As the market digests this information, it will be interesting to see if LHN Ltd. can maintain this upward momentum in the coming trading sessions.

LHN jumps 7.56% at 10:45 am, Sep 10.