Lippo China Resources
logo of Hongkong Chinese Limited, same as Lippo group
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| Traded as | : 00226 | ||||||
| Headquarters | 24/F, Tower 1, Lippo Centre, Hong Kong Island, Hong Kong | ||||||
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Key people
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| Revenue |
 HK$3.857 billion (2015–16) |
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| Profit |
 (HK$187 million) (2015–16) |
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| Total assets |
HK$17.457 billion (2015–16) |
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| Total equity |
HK$9.143 billion (2015–16) |
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| Owner |
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| Parent | Lippo Capital | ||||||
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| Website | lippoltd.com.hk | ||||||
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Footnotes / references in consolidated financial statement; financial year ended on 31 March |
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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 (: 00655), Lippo China Resources Limited (: 00156) and Auric Pacific Group (SGX: A23) , all listed companies. Lippo is majority owned by Riady family.
Public Finance (H.K.) Limited (Chinese: 萬衆財務(香港)有限公司) was incorporated on 30 January 1973. On 30 July 1991 the company was renamed to Lippo Limited (: 00226).
In 1998 via subsidiary Lippo China Resources (: 00156), 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, : 00655), which in turn the parent company of Hongkong Chinese Bank for 60.6% shares. The price was about HK$1.2 billion.
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. 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.
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