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An announcement from China Vanke Co ( (HK:2202) ) is now available.
China Vanke Co., Ltd. has entered into a Loan Framework Agreement with its substantial shareholder, Shenzhen Metro Group, for a loan of up to RMB22 billion. This agreement, which involves both unsecured and secured loans, is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring independent shareholder approval. An Independent Board Committee and Financial Advisor have been appointed to assess the fairness and reasonableness of the terms. The agreement is expected to impact the company’s financial operations and requires shareholder approval at an upcoming extraordinary general meeting (EGM).
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 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 real estate company in China, focusing on property development and management. It operates primarily in the residential property sector and is known for its expansive projects across the country.
YTD Price Performance: -16.82%
Average Trading Volume: 39,839,791
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$76.33B
See more data about 2202 stock on TipRanks’ Stock Analysis page.