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China Resources Land ( (HK:1109) ) has provided an update.
China Resources Land has announced a supplemental update regarding its acquisition of equity interests in a target company. The acquisition, valued at RMB200,791,265.57, was determined through arm’s length negotiation and an asset-based valuation method. This method was chosen due to the target company’s comprehensive financial records and the lack of comparable market data for a market-based approach. The acquisition is expected to strengthen China Resources Land’s asset portfolio and enhance its market positioning.
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
Average Trading Volume: 19,191,216
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$207.2B
For detailed information about 1109 stock, go to TipRanks’ Stock Analysis page.