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LH Group renamed Pacific Star Development, transfers to Catalist Board
SINGAPORE-LISTED LH Group was renamed Pacific Star Development Limited on Wednesday, having obtained shareholders' approval the same day for the proposed reverse takeover of Pacific Star Development.
At the extraordinary general meeting held on Wednesday, a special resolution on the proposed transfer of the listing status from the mainboard to Catalist was also passed. The effective transfer date is Feb 13.
The company has appointed SAC Capital Private Limited to act as its continuing sponsor with effect from the listing transfer.
There will also be a one-to-three share split. Trading in the shares on a post-split basis will commence on Feb 16.
The target company Pacific Star Development has over 10 years of experience in real estate investment management and development, including its investment in mixed-use project Pavilion in Kuala Lumpur.
Currently, it has two projects on hand - Puteri Cove Residences and Quayside in Malaysia, and a joint venture project in Thailand, The Posh Twelve.