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