Lippo Applies for Hong Kong Delisting After Privatization Conditions Met

MT Newswires Live

Sep 23

Lippo (HKG:0226) said it had met all the conditions for a proposed privatization of the business, according to a Hong Kong bourse filing Tuesday.

The property firm said it had applied with the Hong Kong Stock Exchange to delist its shares from the bourse on Thursday, Sept. 25.

Shares of the company were suspended from trading on the HKeX.

Under the privatization plan, minority shareholders were due to receive HK$0.14 in cash per share. They could also choose a special distribution of either 615 shares of Lippo China Resources (HKG:0156) for every 1,000 Lippo shares held, or HK$0.564 in cash per share.

The total payout was pegged at up to HK$0.704 per share for those opting for the full cash alternative.

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They could also choose a special distribution of either 615 shares of Lippo China Resources (HKG:0156) for every 1,000 Lippo shares held, or HK$0.564 in cash per share.</p><p>The total payout was pegged at up to HK$0.704 per share for those opting for the full cash alternative.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00226","symbol_name":"力宝","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2569776973","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569776973","pubTimestamp":1758606843,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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