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Thursday, 6 February 2020, 15:00 HKT/SGT

Source: LHN Limited
LHN Approves Final Dividend for Financial Year Ended 30 September 2019

SINGAPORE, Feb 6, 2020 - (ACN Newswire) - Real estate management services group LHN Limited ("LHN", and together with its subsidiaries and associated companies, the "Group"; SGX stock code: 41O; SEHK stock code: 1730), held its Annual General Meeting on 30 January 2020 and was pleased to announce that its shareholders have approved the proposed final dividend of S$0.005 (equivalent to HK$0.029) per ordinary share for the financial year ended 30 September 2019. Such final dividend will be paid on Friday, 21 February 2020.

For more information relating to the final dividend payment, please refer to the company's announcements dated 28 November 2019 and 2 December 2019.

About LHN Limited

LHN Limited (the "Company", and together with its subsidiaries, the "Group") is a real estate management services group, with the ability to generate value for its landlords and tenants through its expertise in space optimisation, and logistics service provider headquartered in Singapore.

The Group currently has three (3) main business segments, namely: (i) Space Optimisation Business; (ii) Facilities Management Business; and (iii) Logistics Services Business, which are fully integrated and complement one another.

Under its Space Optimisation Business, the Group primarily secures master leases of unused, old and under-utilised commercial, industrial and residential properties and through re-designing and planning, transforms them into more efficient usable spaces, which are then leased out by the Group to its tenants. Space optimisation generally allows the Group to enhance the value of properties by increasing their net lettable area as well as potential rental yield per square feet.

The Group's Facilities Management Business offers car park management services and property maintenance services such as cleaning, landscaping, provision of amenities and utilities, and repair and general maintenance principally to the properties it leases and manages, as well as to external parties.

Under its Logistics Services Business, the Group provides transportation services, container depot management services and container depot services. The Group transports mainly ISO tanks, containers, base oil and bitumen, provides container depot management services and provides container depot services which include container surveying, container cleaning, on-site repair and storage of empty general purpose and refrigerated containers (reefer).

The Group currently operates mainly in Singapore, Indonesia, Thailand, Myanmar, Cambodia, Hong Kong and China.

Topic: Press release summary
Source: LHN Limited

Sectors: Real Estate, Daily News
From the Asia Corporate News Network

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