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China Overseas Land & Investment ( (HK:0688) ) just unveiled an announcement.
China Overseas Land & Investment has announced a proposed spin-off and separate listing of a publicly traded infrastructure securities investment fund on the Shenzhen Stock Exchange. The spin-off involves the disposal of a shopping mall project in Foshan, China, to an Infrastructure REIT, with the company subscribing to 20% of the fund’s units. This move is part of a strategic effort to raise RMB1.355 billion and restructure asset ownership, potentially impacting the company’s financial consolidation and market positioning.
The most recent analyst rating on (HK:0688) stock is a Buy with a HK$16.50 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 company involved in real estate development and investment, focusing on infrastructure projects. The company operates primarily in the Chinese market, dealing with assets such as shopping malls and other commercial properties.
Average Trading Volume: 21,929,049
Technical Sentiment Signal: Hold
Current Market Cap: HK$146B
See more data about 0688 stock on TipRanks’ Stock Analysis page.