LHN gets SGX nod to list Coliwoo on mainboard; issues upbeat report for Q3
[SINGAPORE] The Singapore Exchange has approved the mainboard listing of co-living business Coliwoo.
Parent company LHN Group, which gave the update on Wednesday (Sep 10), said in a separate statement that its move to delist from Hong Kong has been approved by the Hong Kong exchange and shareholders.
LHN cited weak trading volumes for its decision to quit the Hong Kong market. The last day of trading for LHN there is expected to be Oct 30, and the company will delist on Nov 4 at the close of trading at 4 pm.
In its third-quarter business update, LHN said its space optimisation business remained a major revenue contributor.
As at Jun 30, LHN managed more than 330,000 sq ft of commercial properties and over 1.8 million sq ft of industrial properties.
During the quarter, it renewed two existing master leases for industrial properties at Depot Lane and Woodlands Mandai Estate, while its Work+Store storage solutions business launched its second air-conditioned facility at 38 Ang Mo Kio.
Its co-living business continued to grow in Q3 as Coliwoo Hotel Kampong Glam began operations.
The company also secured one new master lease for a state-owned property at 159 Jalan Loyang Besar, which commenced on Jun 1, adding 382 rooms to its portfolio. The property will be converted into a resort chalet and is set to start operating in Q3 FY2026.
LHN shares ended Tuesday at S$0.86, 3 per cent or S$0.025 higher.
