LHN Limited Announces Voluntary Withdrawal of HKEX Listing: What Investors Must Know

Summary of Key Developments

• Voluntary De-Listing from Hong Kong Stock Exchange (HKEX): LHN Limited will withdraw its listing from the Main Board of HKEX, effective 4:00 p.m., Tuesday, 4 November 2025.
• Final Trading Day: The last day for trading LHN shares on HKEX will be Thursday, 30 October 2025.
• Satisfaction of All Conditions: All required conditions for the de-listing have been satisfied as of Wednesday, 29 October 2025.
• Transition of Share Registers: The Hong Kong Branch Share Register will close on 15 January 2026, after which all shareholder names will be automatically transferred to the Singapore Principal Share Register.
• Cost Coverage for Share Transfers: For 60 days post-de-listing, LHN Limited will bear the costs for shareholders to deposit shares with CDP (Central Depository Pte Ltd); after this period, shareholders must pay these costs themselves.

What Shareholders Need to Know — Potentially Price-Sensitive Details

1. End of Dual Listing Status: The company will no longer be traded on HKEX after the withdrawal date. This means reduced liquidity and access for Hong Kong-based investors, potentially affecting share price and trading volumes.
2. Share Transfer Logistics: Investors must ensure their shares are transferred to the Singapore Principal Share Register. LHN Limited will cover transfer costs for deposits into CDP for 60 days (from 31 October to 30 December 2025). After this period, all costs will be borne by the requesting shareholder.
3. Impact on Trading: With the closure of the Hong Kong Share Register, shares will only be traded on the Singapore Exchange (SGX). Investors who do not act may be unable to trade their shares easily, risking illiquidity or administrative hurdles.
4. Shareholder Actions Required: Shareholders should check their holdings, transfer instructions, and ensure compliance with the deadlines to avoid additional transfer fees or trading delays.
5. Board Structure: Investors should note the current board composition, including Executive Chairman Lim Lung Tieng and the presence of experienced independent directors, which may reassure regarding corporate governance during this transition.

Strategic Implications for Investors

The voluntary withdrawal from HKEX is a significant corporate action likely to impact share liquidity, investor base, and market perception. Investors should closely monitor any price movements due to reduced trading venues and possible changes in institutional interest. The company’s continued listing on SGX ensures ongoing public trading, but the loss of HKEX access may prompt revaluation by investors, especially those based in Hong Kong or relying on dual-listing arbitrage.

The company’s commitment to bear shareholder transfer costs for 60 days demonstrates a measure to ease the transition, but after this window, shareholders are on their own for administrative costs. The transfer of the share register from Hong Kong to Singapore may also have tax and reporting implications for some investors.

Critical Dates for Shareholders

• Last Day of HKEX Trading: 30 October 2025
• De-Listing Effective: 4 November 2025, 4:00 p.m. (Hong Kong time)
• Cost Coverage Window for CDP Deposits: 31 October 2025 – 30 December 2025 (inclusive)
• Hong Kong Share Register Closure: 15 January 2026

Conclusion

This announcement is highly material for LHN Limited investors, particularly those in Hong Kong. The withdrawal from HKEX could affect share price volatility, trading volumes, and corporate visibility. Shareholders are strongly encouraged to take necessary actions ahead of the deadlines to avoid administrative and financial complications.

Disclaimer

This article is for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation to buy or sell any securities. Investors should conduct their own due diligence and consult professional advisors before making investment decisions.

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