LHN plans sell at least 5% but not more than 25% of its interest in LHN Logistics.
It has yet to make a formal application to the exchange.
LHN has appointed PrimePartners Corporate Finance to advice this proposed spin off and to also be the continuing sponsor of LHN Logistics if and when the listing is completed.
LHN closed Nov 24 at 36 cents, unchanged for the day, but up 86.84% year to date.
