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China State Construction Development Holdings Limited ( (HK:0830) ) has shared an announcement.
China State Construction Development Holdings has agreed to dispose of its entire 15% equity stake in a target company through a conditional equity transfer to a wholly owned subsidiary of its controlling shareholder, CSCECL, for RMB7.53 million (about HK$8.33 million). Once the transaction completes and conditions such as internal approvals and compliance with Hong Kong Listing Rules are satisfied, the group will no longer hold any direct or indirect interest in the target, and the deal will be treated as a connected transaction requiring disclosure but exempt from circular and independent shareholder approval, streamlining the company’s portfolio while remaining within regulatory thresholds.
The most recent analyst rating on (HK:0830) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China State Construction Development Holdings Limited stock, see the HK:0830 Stock Forecast page.
More about China State Construction Development Holdings Limited
China State Construction Development Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating under the umbrella of China State Construction Engineering Corporation Limited (CSCECL), which holds about 70.79% of its issued share capital. The group is engaged in construction and related development businesses, with operations and investments structured through various subsidiaries and equity interests in target companies within the sector.
Average Trading Volume: 1,631,912
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.62B
For detailed information about 0830 stock, go to TipRanks’ Stock Analysis page.