Lippo Limited (Chinese: 力寶有限公司) is a Hong Kong incorporated listed company. It is the parent company of Hongkong Chinese Limited (SEHK: 655), Lippo China Resources Limited [zh] (SEHK: 156) and Auric Pacific Group (SGX: A23 ), all listed companies. Founded by Indonesian Chinese Mochtar Riady, Lippo Limited was majority owned by Lippo Capital; in turn Lippo Capital was 60% owned by Mochtar's son Stephen Riady (via Lippo Capital Group), as well as his brother James Tjahaja Riady (via PT Trijaya Utama Mandiri).[2][3][4]
Public Finance (H.K.) Limited (Chinese: 萬衆財務(香港)有限公司) was incorporated on 30 January 1973.[nb 1] On 30 July 1991 the company was renamed to Lippo Limited (SEHK: 226).
In 1998 via subsidiary Lippo China Resources (SEHK: 156), the group formed a joint venture Lippo CRE (Financial Services) Limited with China Resources Enterprise to act as the parent company of The HKCB Bank Holding Limited (now known as Hongkong Chinese Limited, SEHK: 655), which in turn the parent company of Hongkong Chinese Bank for 60.6% shares. The price was about HK$1.2 billion.[5]
In 2001, Lippo China Resources re-acquired 50% shares of Lippo CRE (Financial Services) Limited (which owned 58.78% shares of HKCB Bank Holding), as well as an additional 5.84% shares of HKCB Bank Holding from China Resources Enterprise for about HK$1.8 billion, effectively buying 35.23% interests in HKCB Bank Holding.[6] In the same year HKCB Bank Holding sold the entire share capital of Hongkong Chinese Bank to CITIC Ka Wah Bank for HK$4.2 billion.[7]
In December 2016, second-tier subsidiary Auric Pacific Group (a listed company majority owned by Lippo China Resources) was privatized by Lippo Limited's chairman Stephen Riady (son of Mochtar Riady) and his son-in-law Andy Adhiwana (via a SPV Silver Creek Capital) for S$1.65 per shares.[8][9]
^Should not be confused Public Finance (H.K.) Limited with Public Finance Limited, known as JSG Finance until 2006, a subsidiary of Public Financial Holdings [zh] (SEHK: 626), nor it was not related to People Credit Service Limited (Chinese: 萬眾財務有限公司).
Referencesedit
^"2015–16 Annual Report" (PDF). Lippo Limited. Hong Kong Stock Exchange. 28 July 2016. Retrieved 16 March 2017.
^"REORGANISATION OF THE CONTROLLING SHAREHOLDER OF THE GROUP" (PDF) (Press release). Hong Kong: Lippo Limited. 6 December 2017. Retrieved 12 December 2017 – via Hong Kong Exchanges and Clearing.
^「印尼錢王」李文正分身家. Apple Daily (in Chinese (Hong Kong)). Hong Kong: Next Digital. 7 December 2017. Retrieved 12 December 2017.
^力寶系控股股東重組. Instant News. Hong Kong Economic Journal (in Chinese (Hong Kong)). 6 December 2017. Retrieved 12 December 2017.
^"CRE will become the controlling shareholder of HKCB with 60.6% stake" (PDF). China Resources Enterprise. 2 July 1998. Retrieved 16 March 2017.
^"CRE disposed of its effective interest of 35.23% in HKCB Holding for HK$1.8 billion" (PDF). China Resources Enterprise. 1 November 2001. Retrieved 16 March 2017.
^"Completion of Disposal of the entire issued share capital of The Hongkong Chinese Bank, Limited and its subsidiaries and Special Cash Dividend" (Microsoft Word). Hongkong Chinese Limited. Hong Kong Stock Exchange. 18 January 2002. Retrieved 12 March 2017.
^"Voluntary Conditional Offer For Auric Pacific Group Limited – Dealings Disclosure". Auric Pacific Group. 7 February 2017. Retrieved 16 March 2017.
^Anita Gabriel (8 February 2017). "Riady family moves to take Auric Pacific private". The Business Times. Singapore Press Holdings. Retrieved 19 November 2017.
External linksedit
Official website
April 11, 2024
lippo, limited, confused, with, lippo, group, chinese, 力寶有限公司, hong, kong, incorporated, listed, company, parent, company, hongkong, chinese, limited, sehk, lippo, china, resources, limited, sehk, auric, pacific, group, listed, companies, founded, indonesian, . Not to be confused with Lippo Group Lippo Limited Chinese 力寶有限公司 is a Hong Kong incorporated listed company It is the parent company of Hongkong Chinese Limited SEHK 655 Lippo China Resources Limited zh SEHK 156 and Auric Pacific Group SGX A23 all listed companies Founded by Indonesian Chinese Mochtar Riady Lippo Limited was majority owned by Lippo Capital in turn Lippo Capital was 60 owned by Mochtar s son Stephen Riady via Lippo Capital Group as well as his brother James Tjahaja Riady via PT Trijaya Utama Mandiri 2 3 4 Lippo LimitedFormerlyPublic Finance H K LimitedCompany typepublicTraded asSEHK 226Founded30 January 1973 51 years ago 1973 01 30 Headquarters24 F Tower 1 Lippo Centre Hong Kong Island Hong KongKey peopleMochtar Riady Hon Chairman Stephen Riady Chairman John Lee MD amp CEO RevenueHK 3 857 billion 2015 16 Net income HK 187 million 2015 16 Total assetsHK 17 457 billion 2015 16 Total equityHK 9 143 billion 2015 16 OwnerRiady family via Lippo Capital 69 75 general public 30 25 ParentLippo CapitalSubsidiariesHongkong Chinese 65 8 Lippo China Resources 71 2 Websitelippoltd com hkFootnotes referencesin consolidated financial statement financial year ended on 31 March 1 Contents 1 History 2 Subsidiaries 3 Footnotes 4 References 5 External linksHistory editPublic Finance H K Limited Chinese 萬衆財務 香港 有限公司 was incorporated on 30 January 1973 nb 1 On 30 July 1991 the company was renamed to Lippo Limited SEHK 226 In 1998 via subsidiary Lippo China Resources SEHK 156 the group formed a joint venture Lippo CRE Financial Services Limited with China Resources Enterprise to act as the parent company of The HKCB Bank Holding Limited now known as Hongkong Chinese Limited SEHK 655 which in turn the parent company of Hongkong Chinese Bank for 60 6 shares The price was about HK 1 2 billion 5 In 2001 Lippo China Resources re acquired 50 shares of Lippo CRE Financial Services Limited which owned 58 78 shares of HKCB Bank Holding as well as an additional 5 84 shares of HKCB Bank Holding from China Resources Enterprise for about HK 1 8 billion effectively buying 35 23 interests in HKCB Bank Holding 6 In the same year HKCB Bank Holding sold the entire share capital of Hongkong Chinese Bank to CITIC Ka Wah Bank for HK 4 2 billion 7 In December 2016 second tier subsidiary Auric Pacific Group a listed company majority owned by Lippo China Resources was privatized by Lippo Limited s chairman Stephen Riady son of Mochtar Riady and his son in law Andy Adhiwana via a SPV Silver Creek Capital for S 1 65 per shares 8 9 Subsidiaries editLippo China Resources 71 2 Hongkong Chinese 65 8 formerAuric Pacific Group Delifrance Asia Ltd 100 Delifrance Singapore Pte Ltd 100 Delifrance HK Ltd 100 Delifrance Malaysia Sdn Bhd 100 Shanghai Delifrance Foodstuff Co Ltd 100 Footnotes edit Should not be confused Public Finance H K Limited with Public Finance Limited known as JSG Finance until 2006 a subsidiary of Public Financial Holdings zh SEHK 626 nor it was not related to People Credit Service Limited Chinese 萬眾財務有限公司 References edit 2015 16 Annual Report PDF Lippo Limited Hong Kong Stock Exchange 28 July 2016 Retrieved 16 March 2017 REORGANISATION OF THE CONTROLLING SHAREHOLDER OF THE GROUP PDF Press release Hong Kong Lippo Limited 6 December 2017 Retrieved 12 December 2017 via Hong Kong Exchanges and Clearing 印尼錢王 李文正分身家 Apple Daily in Chinese Hong Kong Hong Kong Next Digital 7 December 2017 Retrieved 12 December 2017 力寶系控股股東重組 Instant News Hong Kong Economic Journal in Chinese Hong Kong 6 December 2017 Retrieved 12 December 2017 CRE will become the controlling shareholder of HKCB with 60 6 stake PDF China Resources Enterprise 2 July 1998 Retrieved 16 March 2017 CRE disposed of its effective interest of 35 23 in HKCB Holding for HK 1 8 billion PDF China Resources Enterprise 1 November 2001 Retrieved 16 March 2017 Completion of Disposal of the entire issued share capital of The Hongkong Chinese Bank Limited and its subsidiaries and Special Cash Dividend Microsoft Word Hongkong Chinese Limited Hong Kong Stock Exchange 18 January 2002 Retrieved 12 March 2017 Voluntary Conditional Offer For Auric Pacific Group Limited Dealings Disclosure Auric Pacific Group 7 February 2017 Retrieved 16 March 2017 Anita Gabriel 8 February 2017 Riady family moves to take Auric Pacific private The Business Times Singapore Press Holdings Retrieved 19 November 2017 External links editOfficial website Retrieved from https en wikipedia org w index php title Lippo Limited amp oldid 1053634469, wikipedia, wiki, book, books, library,
