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The Langham-SS (01270.HK) issued shares to pay for hotel management fees and licensing fees.
Langham-SS (01270.HK) announced on August 29 that the trust and the company will issue 59,245,043 new shares or order units to LHIL Assets on August 30, 2024, under special authorization, to pay the hotel management fees and licensing fees due to the hotel manager during the six-month period ending June 30, 2024. The trust and the company have applied to the Stock Exchange for approval to list and trade the shares or order units to pay the manager fees for the six-month period ending June 30, 2024.
LungTing-SS (01270) will issue 59.245 million new shares based on special authorization, totaling the order.
Link REIT (01270) announced that the trust and the company will act in accordance with the special authorization until August 2024...
Langham Hospitality Investments' Profit Down in H1
Langham-SS (01270) released its interim performance, with a surplus of HKD 43.02 million attributable to holders of shares and orders, a year-on-year decrease of 93.18%.
Langham - SS (01270) released its interim performance for the six months ending on June 30, 2024. During that period, the group achieved ...
Langham-SS (01270.HK) had a pre-tax profit of HKD 43 million in the first half year after tax.
Langham - SS (01270.HK) announced on August 16th that the total rental income in the first half of 2024 decreased by 19.0% to HKD 191.1 million after deducting service fee expenses. Net property income of the trust group decreased by 20.0% to HKD 180.9 million annually after deducting hotel property-related expenses. The post-tax profit for the first half of 2024 was HKD 43.0 million.
Express News | Langham Hospitality Investments H1 Net Income HKD 43 Million
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