LHN Logistics will be delisted after the offer made by Milkyway Chemical closed at 5.30pm on Sept 27.

As at the close of its offer, shareholders holding 99.14% of the shares in LHN Logistics gave their assent to the offer made by Milkyway Chemical.

Milkyway Chemical made a general offer for LHN Logistics at 22.66 cents each on <a href="https://www.theedgesingapore.com/news/ma/chinas-milkyway-chemical-makes-2266-cents-go-lhn-logistics" target="_blank">June 4</a>, which is 13.3% higher than the latter’s initial public offering (IPO) price of 20 cents in April 2022.

The offer was subject to two conditions, which were given on <a href="https://www.theedgesingapore.com/news/offer/one-two-pre-conditions-satisfied-milkyway-chemicals-offer-lhn-logistics" target="_blank">July 31</a> and <a href="https://www.theedgesingapore.com/news/offer/lhn-limiteds-shareholders-give-green-light-potential-disposal-lhn-logistics" target="_blank">Aug 1</a>.

Shares in LHN Logistics last traded at 22.5 cents.

LHN Logistics to be delisted after 99.1% acceptance

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LHN Logistics to be delisted after 99.1% acceptance

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