Offer to take LHN Logistics private closes with 99.14% acceptances
Following the close of the offer, LHN Logistics will be delisted from the Catalist Board of SGX-ST.
Milkyway Chemical’s offer to take LHN Logistics private received valid acceptances amounting to 166,234,200 shares or 99.14% of the latter’s total number of issued shares.
As a result, LHN Logistics will be delisted from the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST).
The voluntary unconditional offer closed at 5:30 p.m. on 27 September.
Milkyway Chemical, a China-based supply chain service provider, offered to take LHN Logistics private at $0.2266 per share.