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.

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