Lai Sun Development Wins Listing Rule Waiver for Delayed Transaction Circular

Lai Sun Development Co ( (HK:0488) ) has shared an announcement.

Lai Sun Development Company Limited has announced a delay in sending a shareholder circular relating to a major transaction involving the disposal of an asset, as the company requires more time to finalise key information, including a working capital sufficiency letter for the group. The Hong Kong Stock Exchange has granted the company a waiver from strict compliance with the listing rule that governs the timing of circular despatch, on the condition that the document will be sent to shareholders on or before 11 February 2026, and has reserved the right to change or withdraw the waiver if circumstances change, leaving shareholders and potential investors to monitor the situation closely.

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 with interests spanning property development and investment, hospitality and related businesses, operating primarily in Hong Kong and the Greater China region. Its activities are overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting its status as an established participant in the local capital markets.

Average Trading Volume: 1,495,266

Technical Sentiment Signal: Sell

Current Market Cap: HK$959.2M

For detailed information about 0488 stock, go to TipRanks’ Stock Analysis page.