LHN Shares Soar 6.41% on Proposed Spin-Off of Co-Living Business for SGX Mainboard Listing

Stock Track

Aug 21

LHN Limited (41O.SI) saw its stock price surge 6.41% during intraday trading, following the company's announcement of a proposed spin-off of its co-living business. The move, which aims to list the spin-off group on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST), has sparked investor interest and optimism about the potential value creation for shareholders.

The company has scheduled an Extraordinary General Meeting (EGM) for September 9, 2025, to seek shareholders' approval for the spin-off and listing. In a show of confidence, LHN Holdings Ltd and Mr. Kelvin Lim have already committed to voting in favor of the resolutions, signaling strong internal support for the strategic move.

While the spin-off and listing are still subject to necessary regulatory approvals and prevailing market conditions, the positive market reaction suggests that investors are optimistic about the potential benefits of this corporate restructuring. The spin-off could allow the co-living business to operate more independently and potentially unlock hidden value, which may explain the significant uptick in LHN's stock price today.

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The move, which aims to list the spin-off group on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST), has sparked investor interest and optimism about the potential value creation for shareholders.</p>\n\n<p>The company has scheduled an Extraordinary General Meeting (EGM) for September 9, 2025, to seek shareholders' approval for the spin-off and listing. In a show of confidence, LHN Holdings Ltd and Mr. Kelvin Lim have already committed to voting in favor of the resolutions, signaling strong internal support for the strategic move.</p>\n\n<p>While the spin-off and listing are still subject to necessary regulatory approvals and prevailing market conditions, the positive market reaction suggests that investors are optimistic about the potential benefits of this corporate restructuring. The spin-off could allow the co-living business to operate more independently and potentially unlock hidden value, which may explain the significant uptick in LHN's stock price today.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"41O.SI","symbol_name":"贤能","start_time":0,"source_url":"","article_id":"1113776161","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113776161","pubTimestamp":1755744016,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"LHN Limited (41O.SI) saw its stock price surge 6.41% during intraday trading, following the company's announcement of a proposed spin-off of its co-living business. 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