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The latest update is out from Lippo Limited ( (HK:0226) ).
Lippo Limited has entered into a facility agreement for a loan of up to HK$105 million with a bank, which will last for 18 months. The agreement includes specific performance obligations that require Lippo Limited and its intermediate holding company, Lippo Capital Limited, to maintain certain ownership levels in its subsidiaries and provide financial support, with potential implications for its financial stability and shareholder structure.
More about Lippo Limited
Lippo Limited is a company incorporated in Hong Kong, primarily involved in investment holding and property development. It operates through its subsidiaries, including Lippo China Resources Limited and Hongkong Chinese Limited, focusing on real estate and financial services.
Average Trading Volume: 187,807
Technical Sentiment Signal: Sell
Current Market Cap: HK$226.9M
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