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Lippo China Resources Limited ( (HK:0156) ) has shared an update.
Lippo China Resources Limited announced that a wholly owned subsidiary of Auric Pacific Group has agreed to purchase a new line of commercial food manufacturing equipment from an independent vendor, with delivery expected in the third quarter of 2026 and funding to come from internal resources and external financing. The equipment will be used in the Group’s daily food processing and manufacturing operations and is expected to expand production capacity and improve efficiency, which the board believes will support the Group’s business expansion and have a positive impact on its performance and value for shareholders.
The most recent analyst rating on (HK:0156) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Lippo China Resources Limited stock, see the HK:0156 Stock Forecast page.
More about Lippo China Resources Limited
Lippo China Resources Limited, through its indirect non-wholly owned subsidiary Auric Pacific Group Limited, is involved in the manufacturing and distribution of bread, cakes and other bakery products in Malaysia and Singapore, targeting regional consumer markets for commercial bakery goods.
Average Trading Volume: 219,568
Technical Sentiment Signal: Hold
Current Market Cap: HK$771.7M
See more data about 0156 stock on TipRanks’ Stock Analysis page.