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Lai Sun Development Co ( (HK:0488) ) has provided an announcement.
Lai Sun Development Company Limited announced that all resolutions put to shareholders at its general meeting on 19 December 2025 were duly passed by poll, with independent shareholders entitled to vote on 1.18 billion shares, representing about 80.95% of the company’s issued share capital. Investors approved the automatic renewal of the LSD-LF Framework Agreement, including the related loan transactions and annual caps, and confirmed the election of Mr. Cheung Sum, Sam as chairman of the general meeting in place of the absent board chairman; the strong level of support, with near-unanimous votes in favour, reinforces board-endorsed related-party financing arrangements and signals shareholder backing for the company’s current governance and funding structure.
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 property and investment group engaged primarily in property development, investment and related businesses, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 488. The company operates within the Hong Kong real estate and investment market, serving a broad base of institutional and retail shareholders subject to local listing and governance requirements.
Average Trading Volume: 85,594
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$872M
See more insights into 0488 stock on TipRanks’ Stock Analysis page.