Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Lai Sun Development Co ( (HK:0488) ) is now available.
Lai Sun Development has confirmed that all resolutions put to shareholders at its 19 December 2025 annual general meeting were approved by poll, underscoring strong investor support for the company’s current governance and financial direction. Shareholders adopted the audited financial statements for the year ended 31 July 2025, re-elected three directors, reappointed Ernst & Young as auditor, and granted the board general mandates to repurchase up to 10% of its shares and to issue up to 20% new shares, as well as to extend the issuance mandate by the number of shares bought back, providing the company with considerable flexibility in future capital management and funding strategies.
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 primarily engaged in property investment and development, as well as related commercial activities in the territory. Its shares are traded on the Main Board of the Stock Exchange of Hong Kong, with a broad base of ordinary shareholders entitled to vote on corporate governance and capital management matters.
Average Trading Volume: 85,594
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$872M
Find detailed analytics on 0488 stock on TipRanks’ Stock Analysis page.