In today’s briefing:
- LHN’s Co-Living Spin-Off And HK Delisting
LHN’s Co-Living Spin-Off And HK Delisting
- LHN Ltd (LHN SP) is delisting its secondary listing in Hong Kong and concurrently spinning off its co-living business.
- The Hong Kong-listing, which was illiquid from the onset, has received approval from the HK Listing Committee to delist. Shareholders will vote on the spin-off on the 9th September.
- LHN is up 95% since the spin-off announcement. The accretion from the new listing is well baked in. And then some.
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