Hongkong Chinese Limited (655) and Lippo Limited: Update on Singapore High Court Appeal

Bulletin Express

Feb 04

Hongkong Chinese Limited (the “Company,” Stock Code: 655) and Lippo Limited (a former holding company of the Company) jointly noted in earlier announcements that the High Court in Singapore awarded the Bank approximately S$17.7 million in damages over loans disbursed to independent third-party customers purchasing flats at Marina Collection, Sentosa.

According to the latest update, the Bank has filed an appeal to the Appellate Division of the High Court in Singapore, contesting the quantum of the S$17.7 million. The appeal is scheduled for May 2026. The Company indicates that while the outcome may affect its results, it is not expected to have a material impact on the Group’s overall asset value or financial position. It notes that any actual impact will be confirmed only after a review by the Company’s auditor.

Shareholders and investors are advised to exercise caution when dealing in the Company’s shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1138631445"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1138631445\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1138631445?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-04 19:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1138631445","market":"us","top_or_hot":-1,"title":"Hongkong Chinese Limited (655) and Lippo Limited: Update on Singapore High Court Appeal","media":"Bulletin Express","content":"<p>Hongkong Chinese Limited (the “Company,” Stock Code: 655) and Lippo Limited (a former holding company of the Company) jointly noted in earlier announcements that the High Court in Singapore awarded the Bank approximately S$17.7 million in damages over loans disbursed to independent third-party customers purchasing flats at Marina Collection, Sentosa.</p>\n<p>According to the latest update, the Bank has filed an appeal to the Appellate Division of the High Court in Singapore, contesting the quantum of the S$17.7 million. The appeal is scheduled for May 2026. The Company indicates that while the outcome may affect its results, it is not expected to have a material impact on the Group’s overall asset value or financial position. It notes that any actual impact will be confirmed only after a review by the Company’s auditor.</p>\n<p>Shareholders and investors are advised to exercise caution when dealing in the Company’s shares.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hongkong Chinese Limited (655) and Lippo Limited: Update on Singapore High Court Appeal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHongkong Chinese Limited (655) and Lippo Limited: Update on Singapore High Court Appeal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-02-04 19:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hongkong Chinese Limited (the “Company,” Stock Code: 655) and Lippo Limited (a former holding company of the Company) jointly noted in earlier announcements that the High Court in Singapore awarded the Bank approximately S$17.7 million in damages over loans disbursed to independent third-party customers purchasing flats at Marina Collection, Sentosa.</p>\n<p>According to the latest update, the Bank has filed an appeal to the Appellate Division of the High Court in Singapore, contesting the quantum of the S$17.7 million. The appeal is scheduled for May 2026. The Company indicates that while the outcome may affect its results, it is not expected to have a material impact on the Group’s overall asset value or financial position. It notes that any actual impact will be confirmed only after a review by the Company’s auditor.</p>\n<p>Shareholders and investors are advised to exercise caution when dealing in the Company’s shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00655","symbol_name":"香港华人有限公司","start_time":0,"source_url":"","article_id":"1138631445","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138631445","pubTimestamp":1770205583,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Hongkong Chinese Limited (the “Company,” Stock Code: 655) and Lippo Limited (a former holding company of the Company) jointly noted in earlier announcements that the High Court in Singapore awarded...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00655":"香港华人有限公司"},"translate_title":"香港华人有限公司(655)和力宝有限公司：新加坡高等法院上诉的最新情况","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00655":1},"content_text":"Hongkong Chinese Limited (the “Company,” Stock Code: 655) and Lippo Limited (a former holding company of the Company) jointly noted in earlier announcements that the High Court in Singapore awarded the Bank approximately S$17.7 million in damages over loans disbursed to independent third-party customers purchasing flats at Marina Collection, Sentosa.\nAccording to the latest update, the Bank has filed an appeal to the Appellate Division of the High Court in Singapore, contesting the quantum of the S$17.7 million. The appeal is scheduled for May 2026. The Company indicates that while the outcome may affect its results, it is not expected to have a material impact on the Group’s overall asset value or financial position. It notes that any actual impact will be confirmed only after a review by the Company’s auditor.\nShareholders and investors are advised to exercise caution when dealing in the Company’s shares.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}