Langham Hospitality Investments (HK:1270) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Langham Hospitality Investments announces the issuance of 59,245,043 new share stapled units (SSUs) at HK$0.499 each to settle Hotel Management and Licence Fees for the first half of 2024, representing about 1.75% of the issued SSUs. The SSUs will be issued to LHIL Assets as per the Specific Mandate approved by the SSU holders and will be fully tradable upon the Stock Exchange’s approval. This strategic move aligns with the existing Hotel Management and Trademark Licence Agreements and falls within the 2024 issuance cap.
For further insights into HK:1270 stock, check out TipRanks’ Stock Analysis page.