Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Overseas Land & Investment ( (HK:0688) ) has provided an announcement.
China Overseas Land & Investment has announced a significant acquisition involving equity interests in two target companies related to the Dong’an Project. The company, through its subsidiary CODG and partners, will acquire substantial stakes in these companies, with the expectation that Target Company A will become a subsidiary and Target Company B an associate. This move, involving a total contribution of approximately RMB8,153 million, is classified as a discloseable transaction under Hong Kong’s listing rules, indicating a strategic expansion in the company’s real estate portfolio.
The most recent analyst rating on (HK:0688) stock is a Hold with a HK$15.00 price target. To see the full list of analyst forecasts on China Overseas Land & Investment stock, see the HK:0688 Stock Forecast page.
More about China Overseas Land & Investment
China Overseas Land & Investment is a prominent player in the real estate industry, primarily focusing on property development and investment. The company is known for its strategic acquisitions and development of land plots, enhancing its market position in the real estate sector.
Average Trading Volume: 19,781,640
Technical Sentiment Signal: Buy
Current Market Cap: HK$149.9B
For an in-depth examination of 0688 stock, go to TipRanks’ Overview page.