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China Vanke Co ( (HK:2202) ) has provided an update.
China Vanke Co., Ltd. has entered into a series of financial transactions with its substantial shareholder, Shenzhen Metro Group, involving loans totaling RMB6.249 billion and an asset collateral agreement. The transactions, which include a share pledge as collateral, are connected transactions under Hong Kong’s Listing Rules and require certain disclosures. This strategic financial arrangement with Shenzhen Metro Group is expected to impact China Vanke’s financial operations and stakeholder interests, as it involves significant capital and asset commitments.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.30 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
More about China Vanke Co
China Vanke Co., Ltd. is a prominent real estate company in China, primarily engaged in property development and management. The company focuses on residential and commercial properties and has a significant market presence in the Chinese real estate industry.
YTD Price Performance: -3.78%
Average Trading Volume: 31,813,779
Technical Sentiment Signal: Sell
Current Market Cap: HK$79.84B
See more insights into 2202 stock on TipRanks’ Stock Analysis page.