HK Lippo plans rights issue

Fri, 21 May 1999, 00:00 WIB | 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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