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An update from China Resources Land ( (HK:1109) ) is now available.
China Resources Land Limited has entered into a significant term loan facility agreement with a bank for up to CNY1.8 billion, which is set for a 36-month term starting from the first drawdown. The agreement includes specific performance obligations for China Resources (Holdings) Company Limited (CRH), the controlling shareholder, to maintain a minimum ownership stake, failing which could trigger an event of default, impacting the company’s financial operations and shareholder structure.
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 Limited is a prominent real estate company incorporated in the Cayman Islands, focusing on property development and management. It is a significant player in the real estate industry, with a strong market presence in China.
Average Trading Volume: 17,728,847
Technical Sentiment Signal: Buy
Current Market Cap: HK$231.3B
See more data about 1109 stock on TipRanks’ Stock Analysis page.