Hongkong Chinese Ltd. and subsidiary Norfyork International Ltd. entered into an exclusivity agreement with Cosenza Investments Ltd. for negotiations related to the sale of a majority stake in Lippo Securities Holdings Ltd.

Lippo Securities Holdings Ltd. is a wholly owned subsidiary of Norfyork International. Exclusivity rights have been granted to Cosenza Investments for an 18-month period for a consideration of HK$130 million. according to a Jan. 25 release.