Hong Kong Stock Exchange · Consumer Cyclical
Invest in Lemo Services stock from India
Indian and foreign residents can buy Lemo Services (2539) shares directly through Paasa.
By Paasa · Updated
Lemo Services at a glance
- Price
- HK$8.88+HK$0.38 (4.41%)
- Market cap
- HK$195.91M
- Day range
- HK$8.50 – HK$8.88
- P/E
- —
- Dividend yield
- —
- Volume
- 2.10K
- 1 month
- -5.18%
- 6 months
- -48.10%
- YTD
- -76.50%
- 1 year
- —
- 5 years
- —
How to invest in Lemo Services from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 2539 and buy
Find Lemo Services by name or by its ticker, 2539, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in Lemo Services from India
What Lemo Services does
Lemo Services Co., Ltd provides mechanical massage services in China. The company provides massage services in various intelligent health series, energy egg professional massage series, leisure chair comfort and relaxation series, and back and waist relaxation cinema experience series, including commercial complexes, cinemas, and traffic hubs, such as airports and high-speed rail stations. Lemo Services operates in the Personal Products & Services industry within the Consumer Cyclical sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Lemo Services stock from India?
Yes. Indian residents and NRIs can buy Lemo Services (2539) shares directly through Paasa. Lemo Services is listed on the Hong Kong Stock Exchange, in the Personal Products & Services industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Lemo Services share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$8.88 a share, size the order by the lot, not by the share.
How are Lemo Services dividends taxed for Indian investors?
Lemo Services trades on the Hong Kong Stock Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Hong Kong. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Lemo Services shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.