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Lisi Group (Holdings) Limited ( (HK:0526) ) has issued an announcement.
Lisi Group (Holdings) Limited, a company incorporated in Bermuda, has announced a supplemental update to its previous announcement regarding a connected transaction involving a New Lease Agreement. The company clarifies the ownership structure of the lessor, Lisi Electrical, which is indirectly owned by Lisi Plastics and ultimately controlled by Mr. Li Lixin, the Chairman and substantial shareholder. The Board, including independent non-executive Directors, views the lease agreement as part of the company’s ordinary business operations. Stakeholders are advised to exercise caution when dealing with the company’s securities.
More about Lisi Group (Holdings) Limited
Average Trading Volume: 2,489,551
Technical Sentiment Signal: Sell
Current Market Cap: HK$937.5M
Learn more about 0526 stock on TipRanks’ Stock Analysis page.