HIHO · Highway Holdings Limited
AI read · Bad for HIHO
The AI's read
Shareholders must approve conversion. If they do, Lazar could own about 95% of HIHO, leaving current owners with a much smaller share. The planned spin-off also changes which business stays inside HIHO. The investment gives the company cash, and the dividend would return some cash to eligible owners. Those benefits do not make up for the possible loss of ownership and control.