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China Jinmao Holdings Group Limited ( (HK:0817) ) just unveiled an announcement.
China Jinmao Holdings Group Limited has provided additional details on its previously announced disposal of 100% equity interest in Sanya Tourism, revealing an expected pre-tax gain of about RMB1.57 billion based on a final transfer consideration of RMB2.26 billion against the unit’s audited net assets. The company expects net proceeds of approximately RMB2.26 billion after expenses, which it plans to deploy toward future land purchases and development projects, potential mergers and acquisitions of high-quality assets, and general working capital, underscoring an effort to recycle capital and strengthen its balance sheet, although it has not yet set specific targets for major new investments.
The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a Hong Kong–incorporated property group listed on the Stock Exchange of Hong Kong, with core operations in real estate investment and development, including land acquisition, project development and related asset management across mainland China.
Average Trading Volume: 28,022,566
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.21B
For detailed information about 0817 stock, go to TipRanks’ Stock Analysis page.