LHN Group has entered into a placement agreement on June 10 to place up to 6.5 million shares at an issue price of 33.51 cents per share.

According to LHN, which is dual-listed in Hong Kong and Singapore, the placement shares will be allotted and issued in Singapore under its general mandate, meaning it is not subject to shareholder approval.

See also: LHN Group acquires Geylang property for $13.5 mil

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