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Langham Hospitality Investments ( (HK:1270) ) just unveiled an announcement.
Langham Hospitality Investments announced the issuance of 46,320,885 Deferred Share Stapled Units (SSUs) to Qualifying Shareholders of Great Eagle as part of a Distribution in Specie, priced at HK$0.470 per SSU. This issuance is intended to settle outstanding management fees for the period ending December 2024 and ensure compliance with public float requirements. Following this issuance, Great Eagle will indirectly hold approximately 74.81% of the enlarged issued SSUs, maintaining a sufficient public float of about 25.18%.
The most recent analyst rating on (HK:1270) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Langham Hospitality Investments stock, see the HK:1270 Stock Forecast page.
More about Langham Hospitality Investments
Langham Hospitality Investments operates in the hospitality industry, focusing on hotel management and related services. It is structured as a trust and a company, with operations primarily in Hong Kong and is associated with Great Eagle Holdings, a major stakeholder.
Average Trading Volume: 598,304
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.67B
See more data about 1270 stock on TipRanks’ Stock Analysis page.