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China Vanke Co ( (HK:2202) ) has shared an update.
China Vanke Co., Ltd. has entered into a connected transaction with its substantial shareholder, Shenzhen Metro Group, involving a loan agreement and asset collateral. The agreement allows Shenzhen Metro Group to provide a loan of up to RMB869 million to China Vanke, secured by collateral valued at up to RMB1,297.2 million, including investment properties and equity interests in subsidiaries. This transaction, subject to certain reporting requirements, is expected to enhance China Vanke’s financial flexibility and strengthen its operational capabilities.
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 major player in the real estate industry, primarily engaged in property development and management. The company focuses on residential and commercial properties, with a significant presence in the Chinese market.
Average Trading Volume: 27,689,342
Technical Sentiment Signal: Sell
Current Market Cap: HK$84.35B
For a thorough assessment of 2202 stock, go to TipRanks’ Stock Analysis page.