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Owning 48% Shares,institutional Owners Seem Interested in Landsea Homes Corporation (NASDAQ:LSEA),
Express News | Landsea Homes Corp: Board of Directors Appointed Bruce Frank as Interim Chair of Board
Landsea Management (00106.HK) may sell up to 3.26 million shares of LSEA.
Landsea Management (00106.HK) announced that it is recommended to sell up to 3.2647 million shares of Landsea Homes (LSEA) on the NASDAQ public market, representing approximately 9% of its share capital; the minimum selling price is $9.35 per share. Assuming all are sold at the minimum price, an estimated loss of about $28 million is expected. The proceeds will be used to repay loans and for general operating funds.
Landsea Green Eyes Sale of Landsea Homes Shares
East West Bank Acquires Shares in Landsea Green Unit After Loan Default; Landsea Shares Down 7%
Landsea Green Management (00106.HK): Landsea Homes (LSEA.US) pledged shares were forcibly executed, reducing the shareholding to 24.9%.
Landsea Management (00106.HK) announced that its wholly-owned subsidiary, Landsea Holdings Corporation (LHC), obtained a credit financing from East West Bank on June 7, 2022. Based on the commercial pledge agreement of June 29 last year, approximately 3.2256 million shares of Landsea Homes (LSEA.US) were pledged as collateral. Currently, the total outstanding principal amount under the loan agreement is approximately 7.357 million yuan. Due to LHC's failure to meet certain financial covenants and ratios under the loan agreement