LAI SUN INT'L and LAI SUN DEV suspended trading before market opening

Stheadline
2025.11.27 02:50
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Lai Sun International (191) and Lai Sun Development (488) are suspended before the market opens, with the reason to be announced. Lai Sun Development may sell a 50% stake in the Central Construction Bank Building to JD.com (9618), but the bidding may not be concluded, and there may be counter offers. JD.com has not responded to the related news

Lai Sun International (191) and Lai Sun Development (488) have been suspended before the market opens, pending the announcement of reasons. Lai Sun International was trading at HKD 0.55 before the suspension, while Lai Sun Development was trading at HKD 0.65 before the suspension.

Earlier reports cited sources indicating that Lai Sun Development recently agreed to sell a 50% stake in the Central Bank of China Building to JD.com (9618), but another source stated that the bidding may not be over, and there could be counteroffers against JD.com's bid. The Sing Tao Daily had previously confirmed the news with JD.com, but the latter did not respond.

Related article: JD.com reportedly negotiating to acquire Lai Sun's Central Bank of China Building

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