HK Lippo plans rights issue

Fri, 21 May 1999 | Source: DJ

HONG KONG (Dow Jones): Lippo Ltd. and its associate Lippo China Resources Ltd. have requested their shares be suspended from trading in Hong Kong Thursday.

The group said in a brief statement to the stock exchange that it plans to make "an announcement regarding the proposed rights issue." The group, controlled by Indonesia's Riady family, didn't provide further details in the statement.

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