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An announcement from China Vanke Co ( (HK:2202) ) is now available.
China Vanke Co., Ltd. announced that its board of directors approved a resolution to accept a loan of RMB1.552 billion from its largest shareholder, Shenzhen Metro Group Co., Ltd. This loan, which is intended to repay bonds, is structured with favorable interest rates and terms that reflect strong shareholder support. The transaction is seen as beneficial for the company’s financial health and is compliant with relevant laws and regulations, without adverse effects on minority shareholders.
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 leading real estate company in China, primarily engaged in property development and management. The company focuses on residential and commercial properties and is a significant player in the Chinese real estate market.
Average Trading Volume: 52,013,108
Technical Sentiment Signal: Sell
Current Market Cap: HK$84.07B
For detailed information about 2202 stock, go to TipRanks’ Stock Analysis page.