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Langham Hospitality Investments ( (HK:1270) ) has provided an announcement.
Langham Hospitality Investments announced the completion of a partial payment of hotel management and license fees for the six-month period ending December 31, 2024, through the issuance of 10,594,487 First Batch SSUs and a cash payment of approximately HK$5.986 million. This transaction ensures that the company maintains the minimum public float requirement, with Great Eagle holding approximately 75% of the total issued SSUs, thereby reinforcing its strong position in the market.
More about Langham Hospitality Investments
Langham Hospitality Investments, established under the laws of Hong Kong, operates in the hospitality industry, focusing on hotel management and related services. The company is involved in managing and licensing hotels, with a market focus on maintaining a significant share of issued share stapled units (SSUs) through its holding company, Great Eagle.
YTD Price Performance: -2.08%
Average Trading Volume: 369,111
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.61B
Learn more about 1270 stock on TipRanks’ Stock Analysis page.