An update from Lippo Limited ( (HK:0226) ) is now available.
Lippo Limited, a company incorporated in Hong Kong, has announced a proposed capital reduction plan. The board intends to reduce the company’s share capital from HK$984,440,426.08 to HK$50,000,000.00, transferring the reduced amount to a capital reduction reserve to offset accumulated losses. This move aims to provide the company with greater flexibility for future corporate exercises and potential distributions or dividends, pending the company’s performance and board approval. The proposal is subject to several conditions, including shareholder approval and regulatory compliance, and is deemed by the board to be in the best interest of the company and its shareholders.
More about Lippo Limited
Average Trading Volume: 131,192
Technical Sentiment Signal: Sell
Current Market Cap: HK$197.3M
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