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Lippo Limited ( (HK:0226) ) has issued an update.
Lippo Limited, a company incorporated in Hong Kong, has announced a proposed privatization by LL Capital Holdings Limited through a scheme of arrangement. The proposal includes a special distribution of Lippo China Resources Limited shares to Lippo Limited shareholders and the subsequent withdrawal of Lippo Limited’s listing from the Hong Kong Stock Exchange. This move is expected to streamline Lippo Limited’s operations and potentially enhance shareholder value by offering them a choice between receiving shares in scrip or cash form.
More about Lippo Limited
Average Trading Volume: 185,334
Technical Sentiment Signal: Sell
Current Market Cap: HK$226.9M
For a thorough assessment of 0226 stock, go to TipRanks’ Stock Analysis page.