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China Resources Land ( (HK:1109) ) has provided an update.
China Resources Land, through its wholly-owned subsidiary Shanghai Hongzhe, has formed a consortium with Shanghai Nanfang to acquire the entire equity and debt interests in certain target companies listed on the SUAE Exchange. The acquisition, valued at approximately RMB24,469.99 million, will see Shanghai Hongzhe holding a 90% stake and Shanghai Nanfang holding 10%. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange rules, requiring notification and announcement but exempt from shareholder approval.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$35.00 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: 18,094,275
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$205.7B
See more data about 1109 stock on TipRanks’ Stock Analysis page.