Lim, executive chairman of LHN, is spinning off Coliwoo for a separate listing, as the co-living brand’s growth is becoming challenging to manage under the LHN. “There is no right and wrong time to IPO a company … we are spinning off Coliwoo [to be listed] now because we feel that strategically, we have to do that, because otherwise all the group resources will go to only Coliwoo, and then the rest of the business will not be able to grow,” says Lim in an interview with The Edge Singapore.
With Coliwoo standing on its own, LHN has big plans to expand its other businesses
Kelvin Lim has a simple way to explain three decades of iteration at LHN: “We trade in space, we buy in bulk, and then we lease it out in retail.” This is how LHN has operated its business, from renting out timber sheds in the past to co-living properties currently. And today, its co-living business is ready for the next chapter — its very own listing.
