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Lippo China Resources Limited ( (HK:0156) ) just unveiled an update.
Lippo China Resources Limited has announced a proposed capital reduction, aiming to decrease its share capital account by HK$1,554,031,044.03 to HK$150,000,000.00. This move is intended to address the company’s accumulated losses of HK$636,154,722.71, enabling it to have greater flexibility in undertaking corporate exercises and potentially declaring distributions or dividends in the future. The proposal is subject to several conditions, including shareholder approval and regulatory consents, and is considered by the Board to be in the best interests of the company and its shareholders.
More about Lippo China Resources Limited
Lippo China Resources Limited is a company incorporated in Hong Kong with limited liability, and it is listed on the Stock Exchange of Hong Kong. The company is involved in various business sectors, although specific industries or primary products and services are not detailed in the announcement.
Average Trading Volume: 212,846
Technical Sentiment Signal: Sell
Current Market Cap: HK$707.4M
Learn more about 0156 stock on TipRanks’ Stock Analysis page.