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China Overseas Nuoxin International Holdings Limited ( (HK:0464) ) has shared an update.
China In-Tech Limited has agreed to acquire a set of office units in the China Economic Trade Building in Shenzhen’s Futian District for RMB45 million (approximately HK$49.5 million), with the price subject to an adjustment mechanism based on agreed terms. The transaction, executed through a wholly owned subsidiary and structured with staged, refundable deposits and a final payment upon registration of title transfer, qualifies as a discloseable transaction under Hong Kong listing rules, underscoring the company’s continued investment in physical office assets and potentially strengthening its operational footprint and asset base in one of Shenzhen’s key commercial districts.
The most recent analyst rating on (HK:0464) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Overseas Nuoxin International Holdings Limited stock, see the HK:0464 Stock Forecast page.
More about China Overseas Nuoxin International Holdings Limited
China In-Tech Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong. The group operates through wholly owned subsidiaries and holds property interests in mainland China, including office premises in Shenzhen for corporate and operational use.
Average Trading Volume: 7,451,323
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.12B
See more insights into 0464 stock on TipRanks’ Stock Analysis page.