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China Boton Group Co., Ltd. ( (HK:3318) ) has shared an announcement.
China Boton Group Co., Ltd., through its indirect wholly-owned subsidiary Shenzhen Boton, has entered into a Land Resumption Agreement with the Local Authority. This agreement involves surrendering land use rights in exchange for a cash compensation of approximately HK$2.5 billion. The transaction is classified as a very substantial disposal under the Hong Kong Stock Exchange’s Listing Rules, necessitating shareholder approval. Trading in the company’s shares was temporarily halted but is set to resume following the announcement.
The most recent analyst rating on (HK:3318) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Boton Group Co., Ltd. stock, see the HK:3318 Stock Forecast page.
More about China Boton Group Co., Ltd.
Average Trading Volume: 111,767
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.94B
See more insights into 3318 stock on TipRanks’ Stock Analysis page.