Langham Hospitality Settles 2024 Management Fees with Cash and SSUs

Langham Hospitality Investments ( (HK:1270) ) has shared an update.

Langham Hospitality Investments announced the settlement of hotel management fees for the second half of 2024, amounting to approximately HK$62.300 million. The fees will be partially paid in cash and partially through the issuance of new Share Stapled Units (SSUs), adhering to the public float requirements under the Listing Rules. The company will issue 56,915,372 new SSUs at HK$0.470 per unit, with a deferment mechanism in place to manage the issuance in compliance with regulatory requirements. This strategic financial maneuver aims to maintain regulatory compliance while managing operational costs effectively.

More about Langham Hospitality Investments

Langham Hospitality Investments is a company focused on the hospitality industry, primarily involved in managing hotel properties. It operates under a trust structure and is incorporated in the Cayman Islands, with its trustee being LHIL Manager Limited.

YTD Price Performance: -2.08%

Average Trading Volume: 365,680

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.61B

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