TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
China Resources Land ( (HK:1109) ) just unveiled an update.
China Resources Land Limited announced the completion of the disposal of 49,500,000 shares in its subsidiary, CR Mixc Lifestyle, reducing its stake from approximately 72.29% to 70.12%. The transaction raised net proceeds of about HK$2,061,270,400, which will be used for land acquisition, development costs, and general working capital, maintaining CR Mixc Lifestyle as a subsidiary with its financial results consolidated into the group’s statements.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
More about China Resources Land
China Resources Land Limited operates in the real estate industry, focusing on property development and investment. The company is known for its residential, commercial, and urban development projects, primarily serving the Chinese market.
YTD Price Performance: 42.64%
Average Trading Volume: 15,532,210
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$217.5B
Find detailed analytics on 1109 stock on TipRanks’ Stock Analysis page.