Brief: Banyan Tree Says Unit Receives Confirmation From SET That LRH's Securities Will Be Delisted
BRIEF-Banyan Tree Says Unit Receives Confirmation From SET That LRH's Securities Will Be Delisted Sept 1 (Reuters) - Banyan Tree Holdings Ltd BANY.SI:
UNIT RECEIVED CONFIRMATION FROM SET THAT LRH'S SECURITIES WILL BE DELISTED FROM SET WITH EFFECT FROM 12 SEPTEMBER
SET ALSO ANNOUNCED LRH'S SECURITIES MAY BE TRADED FOR SEVEN BUSINESS DAYS FROM 3 SEPT 2026 TO 11 SEPT 2026
DELISTING FOLLOWS LRH'S INABILITY TO RESTORE PUBLIC FLOAT TO MINIMUM 15% LEVEL UNDER SET'S LISTING REQUIREMENTS
NO APPEAL WAS FILED AGAINST DELISTING ORDER
LRH WILL REMAIN A UNIT OF COMPANY FOLLOWING DELISTING
LRH'S FINANCIAL RESULTS WILL CONTINUE TO BE CONSOLIDATED INTO GROUP'S FINANCIAL STATEMENTS
DELISTING NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON CONSOL NET TANGIBLE ASSETS PER SHARE OR EPS OF GROUP FOR FY ENDING 31 DEC
Further company coverage: BANY.SI
((Reuters.Briefs@thomsonreuters.com;))
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