Tillkännagivande • Mar 17
Lai Sun Development Company Limited to Report First Half, 2026 Results on Mar 27, 2026 Lai Sun Development Company Limited announced that they will report first half, 2026 results on Mar 27, 2026 Tillkännagivande • Oct 25
Lai Sun Development Company Limited, Annual General Meeting, Dec 19, 2025 Lai Sun Development Company Limited, Annual General Meeting, Dec 19, 2025. Tillkännagivande • Oct 14
Lai Sun Development Company Limited to Report Fiscal Year 2025 Results on Oct 24, 2025 Lai Sun Development Company Limited announced that they will report fiscal year 2025 results on Oct 24, 2025 Tillkännagivande • Jul 31
Lai Sun Reportedly Scrambles to Sell Iconic CCB Tower Stake Amid Soaring Debt and Distress Signal Lai Sun Development Company Limited (SEHK:488) is looking to offload its 50% stake in CCB Tower, a 27-story office building in the heart of Hong Kong's Central district, according to people familiar with the matter. The potential sale is part of the company's plan to shed up to HKD 8 billion in assets over the next two years. Discussions have reportedly included China Construction Bank (CICHF), which owns the remaining half and is the towers anchor tenant occupying 18 floors and a banking hall. However, sources say the bank hasn't indicated any intention to buy the other half. The timing of this move reflects Lai Suns broader efforts to navigate a tough real estate cycle. Rental income from the tower held steady at HKD 114.4 million for the six months ending January 31, but the company is juggling HKD 34 billion in total liabilities. Meanwhile, Lai Sun is also working to refinance a HKD 3.5 billion loan due in October, and has reportedly secured majority lender support. A company spokesperson said Lai Sun will continue pursuing disposals "at appropriate valuation" but declined to confirm any specific transaction. While the CCB Tower could fetch interest given its prime location and stable income, the broader market conditions remain challenging. Whether a deal materializes or not, Lai Suns asset sale plan is shaping up to be a critical test of market appetite and a potential pressure valve for its mounting debt burden. Tillkännagivande • Mar 11
Lai Sun Development Company Limited to Report First Half, 2025 Results on Mar 21, 2025 Lai Sun Development Company Limited announced that they will report first half, 2025 results on Mar 21, 2025 Tillkännagivande • Jan 21
Lai Sun Development Company Limited Announces Board and Committee Changes Lai Sun Development Company Limited announces that with effect from 1 March 2025, Mr. Lau Shu Yan, Julius ("Mr. Lau") will retire as an Executive Director and the Chief Executive Officer of the Company, but will continue to serve as advisor thereafter. Following his retirement, Mr. Lau will cease to be a member of the executive committee ("Executive Committee"), the remuneration committee and an alternate to Dr. Lam Kin Ngok, Peter, Chairman of the nomination committee ("Nomination Committee") of the Company. Mr. Cheung Sum, Sam, an Executive Director, will be appointed a member of the Remuneration Committee and an alternate to Dr. Lam Kin Ngok, Peter, Chairman of the Nomination Committee of the Company with effect from 1 March 2025. Mr. Lam Hau Yin, Lester, an Executive Director, will be appointed an Authorised Representative under Rule 3.05 of the Listing Rules with effect from 1 March 2025. Tillkännagivande • Oct 19
Lai Sun Development Company Limited, Annual General Meeting, Dec 13, 2024 Lai Sun Development Company Limited, Annual General Meeting, Dec 13, 2024. Tillkännagivande • Oct 13
Lai Sun Development Company Limited Announces Consolidated Earnings Guidance for Year Ended July 31, 2023 Lai Sun Development Company Limited announced consolidated earnings guidance for year ended July 31, 2023. The company announced the consolidated loss attributable to owners of the Company for the year ended 31 July 2023 is expected to be within the range of HKD 3,490 million to HKD 3,860 million as compared to a net loss of approximately HKD 2,966 million for the year ended 31 July 2023. The increased loss was primarily due to increase in share of losses of joint ventures. Tillkännagivande • Apr 30
Lai Sun Development Company Limited Announces Executive Changes, Effective 1 May 2024 The Board of directors of Lai Sun Development Company Limited ("Company") announces that Mr. Chow Kwok Wor ("Mr. Chow") will retire as company secretary of the Company ("Company Secretary") and cease to be the authorised representative of the Company ("Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") with effect from 1 May 2024. The Board also announces that Mr. Cheung Sum, Sam ("Mr. Cheung") has been appointed Company Secretary and Authorised Representative under Rule 3.05 of the Listing Rules with effect from 1 May 2024. Mr. Cheung is an Executive Director of the Company and Group Chief Financial Officer. He is a fellow member of the Association of Chartered Certified Accountants in the United Kingdom and The Hong Kong Institute of Certified Public Accountants. Tillkännagivande • Oct 14
Lai Sun Development Company Limited Provides Earnings Guidance for the Year Ended 31 July 2023 Lai Sun Development Company Limited provided earnings guidance for the year ended 31 July 2023. For the year, the company expected the consolidated loss attributable to owners of the Company expected to be within the range of HKD 2,900 million to HKD 3,050 million as compared to a net loss of approximately HKD 1,967 million for the year ended 31 July 2022. The increased loss, partially offset by lower other operating expenses and tax charge, was primarily due to decrease in property sales in Lai Fung Holdings Limited (a 55.08%-owned subsidiary of the Company) predominantly; write-down of certain properties under development and completed properties for sale; increased finance costs; and decrease in fair values of investment properties owned by the Group. Tillkännagivande • Oct 11
Lai Sun Development Company Limited to Report Fiscal Year 2023 Results on Oct 20, 2023 Lai Sun Development Company Limited announced that they will report fiscal year 2023 results on Oct 20, 2023 Tillkännagivande • Sep 29
Lai Fung Holdings Limited, Lai Sun Development Company Limited, Lai Sun Garment (International) Limited Announces Resignation of Chew Fook Aun as Non-Executive Director Effect from 1 October 2023 The Boards of Lai Fung Holdings Limited, Lai Sun Development Company Limited, Lai Sun Garment (International) Limited announce that, Mr. Chew Fook Aun ("Mr. Chew") has tendered his resignation as Deputy Chairman and non-executive director of LSG, LSD and LFH with effect from 1 October 2023 due to his desire to devote more time to his personal engagements. Mr. Chew has confirmed that in relation to his resignation, he has no disagreement with the Boards of LSG, LSD and LFH and there are no other matters that need to be brought to the attention of the shareholders of LSG, LSD and LFH. Tillkännagivande • Jul 23
Lai Sun Development Company Limited Announces Executive Changes, Effective 1 August 2023 The board of directors ("Board") of Lai Sun Development Company Limited ("Company") announces that with effect from 1 August 2023: (1) Mr. Cheung Sum, Sam ("Mr. Cheung") will be appointed an executive director of the Company ("Executive Director"); and (2) Mr. Luk Hon Man ("Mr. Luk") will be appointed an independent non-executive director of the Company ("INED"). The Board announced that Mr. Cheung will be appointed an Executive Director with effect from 1 August 2023. Mr. Cheung, aged 59, joined the Company as Group Chief Financial Officer on 13 July 2023. He was the chief financial officer of FTLife Insurance Company Limited ("FTLife", a wholly-owned subsidiary of NWS Holdings Limited) from September 2019 to November 2020, the chief financial officer and vice president of Agile Group Holdings Limited from July 2013 to May 2019, an executive director of eSun Holdings Limited ("eSun") from March 2011 to August 2012, and an executive director of each of Lai Fung Holdings Limited ("LFH") and the Company from March 2011 to August 2012 and from June 2007 to October 2009. Save for FTLife, the issued shares of all the aforesaid companies are listed and traded on The Stock Exchange of Hong Kong Limited ("Stock Exchange"). Mr. Cheung has not held any directorships in listed public companies in Hong Kong or overseas in the last three years. Prior to joining the Lai Sun Group in 2006, Mr. Cheung worked for a number of other listed companies and international investment banks in Hong Kong. He has extensive experience in capital markets and financial management. Mr. Cheung graduated from the London School of Economics and Political Science, University of London with a Bachelor of Science (Economics) degree in Accounting and Finance. He is a fellow member of the Association of Chartered Certified Accountants in the United Kingdom and the Hong Kong Institute of Certified Public Accountants. Further, Mr. Cheung will be appointed an executive director of each of Lai Sun Garment (International) Limited ("LSG"), eSun and LFH with effect from 1 August 2023. LSG is the ultimate holding company of the Company while the Company is the intermediate holding company of eSun and LFH. Apart from the aforesaid, Mr. Cheung does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. Mr. Luk Hon Man, aged 39, is a seasoned strategic advisor with twenty years of experience spanning across the public affairs and business sectors. Mr. Luk is currently serving as a Member of the Legislative Council of the Hong Kong Special Administrative Region. He was also the Chief Strategy Officer of the Chairman's Office of Lai Sun Group. Mr. Luk holds a Bachelor of Education (Honours) in Languages from The Hong Kong Institute of Education (now known as the Education University of Hong Kong) and a Master of Public Administration degree from the University of Hong Kong. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings have declined by 58% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 58% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (50% increase in shares outstanding). 