LHN raises HK$79.8 mil in dual-listing on Hong Kong Stock Exchange

SINGAPORE (Dec 28): Real estate management services group LHN has raised HK$79.8 million ($13.7 million) in total gross proceeds from its public offering of shares on the Hong Kong Stock Exchange.

LHN offered a total of 42.0 million new shares at HK$1.90 each. Upon completion, the offer shares represent approximately 10.4% of the enlarged share capital of the company.

The group says it plans to use the net proceeds of approximately HK$46.5 million to grow its business operations.

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