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An announcement from Art Group Holdings Ltd. ( (HK:0565) ) is now available.
Art Group Holdings Ltd. has announced a major transaction involving a Lease Agreement for the Longhu Property, which will be rented for a term of 10 years. This transaction will require the company to recognize right-of-use assets valued at approximately RMB246 million, classifying it as an acquisition under the Listing Rules. The transaction exceeds the applicable percentage ratios, making it a major transaction subject to shareholder approval. An Extraordinary General Meeting (EGM) will be held for shareholders to consider and approve the agreement, with no current shareholders required to abstain from voting.
The most recent analyst rating on (HK:0565) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Art Group Holdings Ltd. stock, see the HK:0565 Stock Forecast page.
More about Art Group Holdings Ltd.
Art Group Holdings Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 565. The company is involved in various transactions and investments, focusing on property and asset management.
Average Trading Volume: 10,023,281
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.09B
For a thorough assessment of 0565 stock, go to TipRanks’ Stock Analysis page.