Lippo Limited (HK:0226) has released an update.
Lippo Limited has announced a loan agreement to provide up to HK$70 million to LAAPL, marking a significant discloseable transaction under Hong Kong’s listing rules. The loan, which includes an interest rate tied to HIBOR, has a maturity period of 36 months, offering potential growth and investment opportunities for both parties involved. This strategic move highlights Lippo’s commitment to expanding its investment portfolio and strengthening joint ventures.
For further insights into HK:0226 stock, check out TipRanks’ Stock Analysis page.