Lum Chang Creations Eases Major Shareholder Lock-Up to Meet Mainboard Free-Float Rules

Lum Chang Holdings Limited ( (SG:L19) ) has issued an announcement.

Lum Chang Creations Limited has outlined changes to the voluntary moratorium on shares held by major shareholder Mr Lim Thiam Hooi as it pursues a transfer of its listing from the Catalist Board to the Mainboard of the Singapore Exchange. Mr Lim had originally subjected his entire 13.3% stake, or 42 million shares, to a more stringent 10-year lock-up than required under Catalist rules, reflecting strong initial commitments at the time of its 2025 listing.

Under the proposed amendments, the company intends to align Mr Lim’s initial lock-up with the standard Catalist moratorium, allowing up to 50% of his shares to be sold after the first six months from listing, a threshold that became effective by 20 January 2026. In addition, 7.7 million of his shares, representing about 2.4% of the company’s equity, will be released from the extended voluntary moratorium, while the remaining 34.3 million shares will stay locked up, facilitating higher public float.

The company states that these revisions aim to meet the Mainboard requirement of at least 25% public float with minimal dilution to existing public shareholders as part of the proposed board transfer. The move is designed to balance regulatory compliance for the Mainboard upgrade with maintaining significant long-term shareholding by Mr Lim, which may support investor confidence while broadening the market for the stock.

More about Lum Chang Holdings Limited

Lum Chang Creations Limited, incorporated in Singapore, is listed on the Singapore Exchange’s Catalist Board and operates as part of the Lum Chang group. The company and its subsidiaries focus on business activities that require public equity financing and regulatory compliance in Singapore’s capital markets, positioning the Group within the listed corporate sector rather than as a purely private enterprise.

Average Trading Volume: 222,518

Technical Sentiment Signal: Buy

Current Market Cap: S$0

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