Lippo Limited Set to Delist from Hong Kong Stock Exchange Following Privatization Proposal by LL Capital Holdings
Reuters
May 28, 2025
Lippo Limited Set to Delist from Hong Kong Stock Exchange Following Privatization Proposal by LL Capital Holdings
Lippo Limited has announced its proposed delisting from the Hong Kong Stock Exchange, as part of a privatization scheme by LL Capital Holdings Limited. This move involves a scheme of arrangement where LL Capital and Lippo Capital will collectively own 100% of the shares, leading to the withdrawal of the listing. Although the exact date of the delisting is not specified, the company plans to make an application for the withdrawal of the listing immediately following the effective date. In preparation, an Independent Board Committee has been established to assess and recommend the terms of the proposal to disinterested shareholders, including whether to vote in favor of the scheme at the upcoming Court Meeting and General Meeting.
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