LANGHAM-SS: Completed the payment of hotel management fees and licensing fees with the first batch of share consolidation units and cash portion
LANGHAM-SS announced that it has completed the payment of hotel management fees and licensing fees with 10.5945 million units of the first batch of share consolidation units and approximately HKD 5.986 million in cash. The share consolidation units have been approved for listing and trading on the Stock Exchange and will be allotted and issued on February 28, 2025
According to the announcement from LANGHAM-SS (01270), the 10,594,500 units of the first batch of share consolidation issued for the management fees payable for the six-month period ending December 31, 2024, have been approved for listing and trading on the Stock Exchange. On February 28, 2025, the 10,594,500 units of the first batch of share consolidation were allocated and issued to LHIL Asset, and approximately HKD 5.986 million in cash has been paid to the hotel manager
