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China Resources Land ( (HK:1109) ) just unveiled an update.
China Resources Land has entered into a Placing Agreement to dispose of 49,500,000 shares in its subsidiary, CR Mixc Lifestyle, reducing its stake from approximately 72.29% to 70.12%. This strategic move, facilitated by UBS AG Hong Kong Branch, is aimed at optimizing the company’s investment portfolio, with the transaction priced at HK$41.70 per share, reflecting a discount to recent market prices.
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 is a company incorporated in the Cayman Islands with limited liability, primarily involved in real estate development and management. It focuses on residential, commercial, and mixed-use properties, with a significant market presence in Hong Kong.
Average Trading Volume: 15,436,432
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$207.4B
See more data about 1109 stock on TipRanks’ Stock Analysis page.