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Banyan Tree Holdings ( (SG:B58) ) has issued an announcement.
Laguna Resorts & Hotels Public Company Limited has been marked with a ‘Caution – Free Float’ sign by the Stock Exchange of Thailand due to not meeting the required free float threshold. The company has engaged financial and legal advisors to explore alternatives to rectify this issue but faces challenges as major shareholders are concerned about potential dilution and loss of control, which could impact earnings per share and shareholder interests.
More about Banyan Tree Holdings
Laguna Resorts & Hotels Public Company Limited operates in the hospitality industry, focusing on providing resort and hotel accommodations primarily in Thailand. The company is known for its luxury offerings and aims to cater to both domestic and international tourists.
Average Trading Volume: 351,615
Technical Sentiment Signal: Buy
Current Market Cap: S$303.3M
Find detailed analytics on B58 stock on TipRanks’ Stock Analysis page.