Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Agile Group Holdings ( (HK:3383) ).
Agile Group Holdings Limited has announced the disposal of its equity interest in an associate company through its subsidiary, Yaxin Investment. The transaction involves selling shares to Guangdong Foodstuffs Export Group and a capital reduction repurchase by the target company, resulting in Agile Group no longer holding any shares in the associate. The proceeds from these transactions, amounting to RMB191,219,220, will be used to repay bondholders and support the company’s daily operations. This move reflects Agile Group’s strategy to manage its financial commitments and streamline its investment portfolio.
The most recent analyst rating on (HK:3383) stock is a Hold with a HK$0.98 price target. To see the full list of analyst forecasts on Agile Group Holdings stock, see the HK:3383 Stock Forecast page.
More about Agile Group Holdings
Agile Group Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. The company engages in property development, with a focus on residential and commercial projects, and is involved in various investments through its subsidiaries.
Average Trading Volume: 6,207,216
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.92B
Find detailed analytics on 3383 stock on TipRanks’ Stock Analysis page.