Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
LHN LOGISTICS LIMITED
Security
LHN LOGISTICS LIMITED - SGXE52775298 - GIH
Note: In line with current market practice, trading on SGX-ST of all securities related to the counter(s) have also been similarly suspended.

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
28-Sep-2023 06:49:50
Status
New
Announcement Reference
SG230927SUSPZPO6
Submitted By (Co./ Ind. Name)
Chong Eng Wee
Designation
Company Secretary
Narrative Type
Narrative Text
Additional TextAs announced by LHN Logistics Limited (the "Company") on 22 August 2023, the percentage of Shares held by the public as at 6.00 p.m. (Singapore time) on 21 August 2023 is approximately 9.39%
Additional Textand is therefore less than the requisite 10% of the total number of issued Shares (excluding preference shares, convertible equity securities and treasury Shares) as required under Rule 723 of the Catalist Rules.
Additional TextAs disclosed in the Company's announcement dated 27 September 2023 in relation to the close of offer, as at 5.30 p.m. (Singapore time) on 27 September 2023, the number of Shares (a) held before the Offer period by the Offeror and its concert parties;
Additional Text(b) acquired or agreed to be acquired by the Offeror and its concert parties during the Offer period (other than pursuant to valid acceptances of the Offer); and (c) for which valid acceptances of the Offer have been received, amounted to an aggregate of 166,234,200 Shares, representing approximately 99.14% of the total number of issued Shares.
Additional TextAs the Offer has closed as at 5.30 p.m. (Singapore time) on 27 September 2023, the Company has accordingly requested the Singapore Exchange Securities Trading Limited to suspend the trading of the Company's shares with effect from 9.00 a.m. on 28 September 2023.
Additional TextThe Company was listed on the Catalist board of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 29 April 2022. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").
Additional TextThis announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement.
Additional TextThe contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg

Event Dates

Effective Date and Time of the Event
With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.