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China Overseas Property Holdings ( (HK:2669) ) has issued an announcement.
China Overseas Property Holdings Limited has announced a new connected transaction involving the provision of a corporate guarantee to CODG Group, a subsidiary of COLI, to streamline the tender process for Smart Setup Services. This move aims to reduce administrative costs and improve capital efficiency by replacing traditional tender deposits and performance bonds with a corporate guarantee of RMB20 million, valid until 2026. The transaction is subject to certain reporting requirements but is exempt from independent shareholders’ approval under Hong Kong’s Listing Rules.
The most recent analyst rating on (HK:2669) stock is a Sell with a HK$5.00 price target. To see the full list of analyst forecasts on China Overseas Property Holdings stock, see the HK:2669 Stock Forecast page.
More about China Overseas Property Holdings
China Overseas Property Holdings Limited operates in the property management industry, focusing on providing services such as Smart Setup Services to property development projects, including residential and commercial properties in the PRC, Hong Kong, Macau, and other locations. The company is a subsidiary of COHL, which is controlled by CSCEC.
Average Trading Volume: 7,994,156
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.12B
Learn more about 2669 stock on TipRanks’ Stock Analysis page.