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The latest announcement is out from China Merchants Land Limited ( (HK:0978) ).
China Merchants Land Limited announced that its indirect wholly-owned subsidiary, Xi’an Mao On, has entered into an Equity Transfer Agreement with its controlling shareholder, CMSK, to acquire 100% equity interests in a target company for RMB45,712,100. This acquisition will make the target company an indirect wholly-owned subsidiary of China Merchants Land Limited. The transaction is classified as a connected transaction under the Hong Kong Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval due to its percentage ratios.
More about China Merchants Land Limited
China Merchants Land Limited is a company incorporated in the Cayman Islands, primarily involved in real estate development and investment. It operates as a subsidiary of China Merchants Shekou Industrial Zone Holdings Co., Ltd., focusing on property development and management in various regions.
Average Trading Volume: 1,163,652
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.3B
See more data about 0978 stock on TipRanks’ Stock Analysis page.