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LHN aims to boost market value with logistics arm's listing
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LHN Logistics will raise about $5 million through the listing of around 25.2 million placement shares at 20 cents each.
PHOTO: LHN GROUP
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SINGAPORE - LHN Group's decision to hive off and list its logistics division is driven by the desire to boost its own valuation, according to executive chairman and group managing director Kelvin Lim.
He told The Straits Times in an exclusive interview: "A separate listing of the logistics business will improve the net tangible asset value of LHN Group.
