China Merchants Land Delays Shareholder Circular on Connected Acquisition

An announcement from China Merchants Land Limited ( (HK:0978) ) is now available.

China Merchants Land Limited has announced a delay in sending to shareholders a key circular related to a previously disclosed acquisition of equity interests in a target company, which is classified as a discloseable and connected transaction. The circular will provide details of the equity transfer agreement, recommendations from the independent board committee, advice from the independent financial adviser, an equity valuation report and the notice of the extraordinary general meeting.

The company had originally planned to publish and dispatch the circular by 10 April 2026 but now expects to do so on or before 30 April 2026, citing the need for additional time to finalise the information included. The postponement may briefly extend the timetable for shareholder review and approval of the acquisition, but the firm has reaffirmed its intention to proceed with the transaction-related shareholder communication within the revised deadline.

The most recent analyst rating on (HK:0978) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Merchants Land Limited stock, see the HK:0978 Stock Forecast page.

More about China Merchants Land Limited

China Merchants Land Limited is a Hong Kong-listed property developer incorporated in the Cayman Islands, focusing on real estate investment and development. The company operates under the oversight of a board comprising executive, non-executive and independent non-executive directors, and its shares are traded on the Main Board of the Stock Exchange of Hong Kong under stock code 978.

Average Trading Volume: 912,350

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.13B

For detailed information about 0978 stock, go to TipRanks’ Stock Analysis page.