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Lai Sun Development Co ( (HK:0488) ) just unveiled an announcement.
Lai Sun Development Company Limited has announced a delay in sending a shareholder circular related to a major transaction involving the disposal of an asset, for which it has already obtained written approval from its controlling shareholder, Lai Sun Garment (International) Limited, and its wholly owned subsidiaries. Because this closely allied group controls more than 50% of the company’s voting rights, Lai Sun Development is exempt from convening a general meeting, but has sought a waiver from Hong Kong listing rules to extend the deadline for dispatching the information circular, now expected on or before 11 February 2026; the move underscores procedural compliance around the deal and signals that additional time is needed to finalize working capital and other required disclosures for investors.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
More about Lai Sun Development Co
Lai Sun Development Company Limited is a Hong Kong-listed conglomerate active in property investment and development and related businesses, operating under the oversight of a board comprising executive, non-executive and independent non-executive directors. Its controlling shareholder is Lai Sun Garment (International) Limited, which holds a majority of the company’s voting rights through direct and indirect shareholdings.
YTD Price Performance: 10.0%
Average Trading Volume: 1,494,328
Technical Sentiment Signal: Sell
Current Market Cap: HK$959.2M
See more insights into 0488 stock on TipRanks’ Stock Analysis page.