China Resources Land Expands Portfolio with Strategic Acquisition

China Resources Land ( (HK:1109) ) has issued an announcement.

China Resources Land has announced the acquisition of 100% equity interests in a target company through its indirect wholly-owned subsidiary. The acquisition, valued at approximately RMB200.79 million, is classified as a connected transaction under Hong Kong’s listing rules. This strategic move enhances the company’s asset base, particularly in land use rights and property assets, potentially strengthening its market position and offering growth opportunities.

The most recent analyst rating on (HK:1109) stock is a Buy with a HK$30.00 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 is a prominent player in the real estate industry, primarily focusing on property development and management. The company is known for its extensive portfolio of residential, commercial, and urban development projects, with a significant market presence in China.

Average Trading Volume: 23,454,164

Technical Sentiment Signal: Buy

Current Market Cap: HK$181.5B

Learn more about 1109 stock on TipRanks’ Stock Analysis page.