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The latest update is out from Lippo Limited ( (HK:0226) ).
Lippo Limited, a company incorporated in Hong Kong, is undergoing a proposed privatization by LL Capital Holdings Limited through a scheme of arrangement. This move includes a conditional special distribution of shares in Lippo China Resources Limited and a proposed withdrawal of Lippo Limited’s listing. The Scheme Document has been dispatched to shareholders, detailing the proposal and the expected timetable. The Independent Board Committee and the Independent Financial Adviser have recommended that disinterested shareholders vote in favor of the proposal, deeming it fair and reasonable.
More about Lippo Limited
Average Trading Volume: 663,621
Technical Sentiment Signal: Sell
Current Market Cap: HK$310.7M
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