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The latest announcement is out from Lippo China Resources Limited ( (HK:0156) ).
Lippo China Resources Limited announced that its controlling shareholders, Lippo Capital Limited and Skyscraper Realty Limited, have pledged a significant portion of their shares, amounting to approximately 73.21% of the company’s total issued shares, as security for a loan facility granted to Lippo Limited. This strategic financial maneuver involves Bank of China (Hong Kong) Limited as the lender, which is independent of Lippo China Resources Limited, and highlights the company’s efforts to secure financial backing while maintaining compliance with Hong Kong’s regulatory framework.
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 operates within the financial sector, primarily focusing on investment and asset management services. The company is incorporated in Hong Kong and is a significant player in the region’s financial markets.
Average Trading Volume: 331,471
Technical Sentiment Signal: Buy
Current Market Cap: HK$799.3M
Find detailed analytics on 0156 stock on TipRanks’ Stock Analysis page.