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The latest announcement is out from C Cheng Holdings Ltd. ( (HK:1486) ).
C Cheng Holdings Ltd. announced a major transaction involving its subsidiary, C Cheng Investment, which has entered into a Property Use Agreement with C Cheng Future City. This agreement grants the right to use an entire office floor at no cost until 2071, significantly impacting the company’s asset portfolio. The transaction, valued at approximately RMB51.1 million, is classified as a major transaction under the Listing Rules, requiring shareholder approval, which has been obtained, thus exempting the need for a general meeting.
More about C Cheng Holdings Ltd.
C Cheng Holdings Ltd. operates in the real estate and property management industry, focusing on investment and development projects. The company is involved in managing and utilizing properties, with a market focus on enhancing asset value through strategic agreements.
YTD Price Performance: -12.86%
Average Trading Volume: 62,173
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$87.92M
For detailed information about 1486 stock, go to TipRanks’ Stock Analysis page.