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CapitalMallTrust
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tccroy
Elite |
24-Apr-2024 22:09
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Based on calculation, it is slightly more than one cent per share as dividend
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hschsc
Master |
24-Apr-2024 20:34
Yells: "Invest in financially healthy companies" |
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You are right. 1 lots (1000 shares) for 32 shares. Or 1c X 1000 shares for $10/-
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MrBear12
Supreme |
24-Apr-2024 20:06
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Or is it 32 for 1000 shares?
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hschsc
Master |
24-Apr-2024 19:47
Yells: "Invest in financially healthy companies" |
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SCRIP DIVIDEND SCHEME IN RELATION TO THE SPECIAL DIVIDEND FOR THE YEAR ENDED 30 SEPTEMBER 2023
The offer is 1000 shares for 32 shares (calculated in $0.305 per share.) So it is better than take the cash if the price is more than $0.305.
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kepoh88
Veteran |
23-Apr-2024 16:49
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Smart move!!
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Joelton
Supreme |
23-Apr-2024 10:42
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LHN sells 20% of GSM Building to Oxley' s Ching
Coliwoo (TK), a subsidiary of LHN, is in the process of acquiring GSM Building, through public tender. The acquisition is expected to be completed on May 9. On April 22, LHN entered into a sale and purchase agreement with Macritchie Developments. Under this agreement, Coliwoo Holdings will sell 20% of GSM Building to Macritchie Developments. Upon completion of the disposal, GSM Building will be 80% owned by LHN and 20% by Macritchie Developments.
In 2023, LHN acquired GSM Building in an en-bloc sale for $80 million. Earlier this year, following the grant of an order for sale, LHN had said it plans to complete its acquisition of the asset on May 9. As of Feb 9, LHN had already paid a deposit of $4 million. Within seven days from the Order for Sale grant, LHN must pay a further $4 million and the remaining 90% of the consideration upon the completion date.
Macritchie Developments is 90% owned by Ching Chiat Kwong, chairman and CEO of Oxley Holdings 5UX 0.00% , and 10% held by Shawn Ching.
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hschsc
Master |
12-Apr-2024 20:28
Yells: "Invest in financially healthy companies" |
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Maybank Securities have kept their " buy" call and 45 cents target price for LHN after the co-living operator announced it is adding two new developments to its portfolio. First, LHN won a government tender for the former Bukit Timah fire station, which will be refurbished at a cost of $7 million to become a mixed-use project with 60 serviced apartment units on levels 2 & 3, and a ground floor commercial F& B and retail operation. According to LHN, this site will serve as a key community node for both the Rail Corridor and the surrounding precinct and is expected to be open by June 2025. |
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Warrenz
Member |
12-Apr-2024 19:43
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LHN chairman has more experience and knowledge than Oxley chairman on this kind of Colliwoo management
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Alignment
Elite |
11-Apr-2024 14:16
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Why is the JV with the CEO of Oxley and not Oxley itself? Oxley has sold most of its Singapore developments - could do with a new project in Singapore itself. | ||||
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Joelton
Supreme |
11-Apr-2024 14:04
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LHN announces JV with Oxley' s Ching
On April 9, LHN annonuced the setting up of a joint-venture (JV company) with the JV Partner Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings 5UX 0.00% , and his son Shawn Ching, to acquire a property at 50 Armenian Street, Wilmer Place, for $26.5 million excluding GST.
Coliwoo Holdings, a unit of LHN will hold 50% of the JV company, and the JV Partner 50%, with Ching Chiat Kwong holding 40% and son Shawn Ching 10%. Both Coliwoo and the JV Parner' s contributions to the JV company will be $24 million each. The JV company plans to top up the lease on the property.
An asset enhancement initiative (AEI) is likely for Wilmer, with LHN as project manager. Following the AEI, Coliwoo will manage the property under the Coliwoo brand as a co-living space.
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Warrenz
Member |
10-Apr-2024 20:29
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Kudos to this JV between Mr Ching Chiat Kwong and LHN group, Colliwoo Living. Mr Chng, Oxley Chairman is a property guru and if he can JV with Colliwoo Living, that means he is pretty confident in the prospect .
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Warrenz
Member |
10-Apr-2024 19:32
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On April 9, LHN annonuced the setting up of a joint-venture (JV company) with the JV Partner Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings 5UX 0.00% , and his son Shawn Ching, to acquire a property at 50 Armenian Street, Wilmer Place, for $26.5 million excluding GST. Coliwoo Holdings, a unit of LHN will hold 50% of the JV company, and the JV Partner 50%, with Ching Chiat Kwong holding 40% and son Shawn Ching 10%. Both Coliwoo and the JV Parner' s contributions to the JV company will be $24 million each. The JV company plans to top up the lease on the property. An asset enhancement initiative (AEI) is likely for Wilmer, with LHN as project manager. Following the AEI, Coliwoo will manage the property under the Coliwoo brand as a co-living space. |
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tccroy
Elite |
10-Apr-2024 18:31
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More good news to follow
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Joelton
Supreme |
10-Apr-2024 16:29
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LHN unit bags tender for former Bukit Timah Fire Station site
LHN Group on Tuesday (Apr 9) said its unit, LHN Facilities Management, has been awarded the tender for a state property at Upper Bukit Timah Road.
Beyond rejuvenating the site, LHN said it is looking to turn the existing compound &ndash located at 260 Upper Bukit Timah Road or the former Bukit Timah Fire Station &ndash into a " vibrant mixed-use development" that will feature co-living spaces and a variety of community-centric offerings.
The site will also house LHN' s residential co-living space concept Coliwoo as part of the group' s expansion plan in the co-living business, the group said in a media release. The tender was evaluated based on a set of price and quality criteria.
In August last year, the Singapore Land Authority (SLA) and Urban Redevelopment Authority (URA) called a new tender to turn the 0.86-hectare site into a community node, after the consortium that was awarded the project pulled out in 2022.
The co-living serviced apartments operated by Coliwoo and the shared public spaces are expected to open in the first half of 2025.
LHN said the site is planned as a community node along the Rail Corridor and a gateway for visitors to explore the surrounding heritage and nature attractions.
The group said it intends to spruce up the existing structure of the buildings without major redevelopment works, and in accordance with the prevailing guidelines.
Landscaping will also be improved to increase green coverage and create a pleasant environment for visitors and residents. This approach has been practised in LHN' s previous refurbishment projects, allowing the group to efficiently utilise spaces while minimising disamenities during the upgrading process.
LHN also said it will bring onboard a " diverse range of amenities offered by a well-curated pool of sub-tenants" .
Such facilities and activities include a gym, pet-friendly spaces, bike rental facilities, community gardens, swimming classes, workshops and more. Minimarts and affordable food and beverage options will also be made available within the premises for added convenience.
The company will incorporate environmentally friendly features throughout the premises, including renewable solar energy systems, water and energy conservation fittings, and low-carbon mobility initiatives such as bicycle facilities and electric vehicle fast-charging points
" Being awarded the tender at 260 Upper Bukit Timah Road is an excellent opportunity for us to materialise our vision of building a sustainable close-knit community," said LHN' s executive chairman Kelvin Lim.
" With our extensive experience in space optimisation, building restoration and co-living space operations, we are confident that our plans for the premises will not only revitalise the premises itself but also benefit the wider neighbourhood," he added.
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Warrenz
Member |
09-Apr-2024 22:53
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Hear say LHN got disclosed 02 great news in SGX on joint venture with Oxley chairman and another one is awarded land tender ... can anyone help to post |
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Warrenz
Member |
08-Apr-2024 17:55
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Results in May 2024 only and expecting another round of dividend .
No worries for this fundamental company, its value will be unleashed
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QueenMaya
Senior |
08-Apr-2024 11:05
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quite disappointing share price. ex div 11th april and more to come with expected good results i am sure but no movement.
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Warrenz
Member |
08-Apr-2024 10:10
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This one seem breaking up soon. stay tune and watch |
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Warrenz
Member |
04-Apr-2024 11:30
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I am anticipating that also and share price now started to creep up as well. what' s more, the company is generous and keep giving high dividend. where to find this type of counter |
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hschsc
Master |
03-Apr-2024 18:53
Yells: "Invest in financially healthy companies" |
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On 12th May will foresees good results of First half 2024. | ||||
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