LHN will hold no more than 70% of Coliwoo post listing. In the shareholder circular, the assumed market capitalisation of Coliwoo Holdings ranged from $257 million to $359 million, raising $77 million to $108 million via new share issuance.
PhillipCapital is reiterating its “buy” recommendation on LHN with a significant increase in target price to $1.13 from 61 cents previously, following news that the group has received a conditional eligibility from SGX for the listing of its co-living operations Coliwoo.
See more: LHN to spin-off list co-living business; posts growth in 3QFY2025 update
