Lippo China Resources (156) Announces US$24.75 Million Insurance Recovery

Bulletin Express
Feb 13

Lippo China Resources Limited (156) disclosed that, following a prior settlement it made under a settlement agreement, the group subsequently sought indemnity through a corporate liability insurance policy. An agreement was reached with the insurers on 13 February 2026, under which the group is entitled to receive US$24.75 million (approximately HK$193.05 million), with US$9.90 million (approximately HK$77.22 million) already advanced and the remaining US$14.85 million (approximately HK$115.83 million) to be paid within 14 days of the agreement.

Based on current estimates, the total amount will be recognized as other income from insurance recoveries in the consolidated statement of profit or loss for the year ending 31 December 2026. The board considers this arrangement beneficial, as it allows partial reimbursement of an earlier payout made by the group under the settlement.

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