LHN Reports Strong Occupancy Rates in Fiscal Q3; Shares Up Nearly 9%

MT Newswires

09/10

LHN's (SGX:41O, HKG:1730) occupancy rates remained strong across the board during the fiscal third quarter ended June 30, according to a Wednesday filing with the Singapore Exchange.

The occupancy rates for its industrial space, commercial space, and Coliwoo co-living space stood at 97.9%, 92.7%, and 97.2%, respectively.

Facility management business reported 17 new contracts and 9 renewed contracts during the period.

The group managed 100 car parks in Singapore, overseeing over 27,000 parking spaces.

Shares of the property manager surged nearly 9% in Wednesday trading.

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