China Vanke to Sell 99.41% Stake in Huanshan for Minimum RMB3.27 Billion

China Vanke Co ( (HK:2202) ) has provided an update.

China Vanke plans to dispose of a 99.41% equity interest in its subsidiary Huanshan Group Co., Ltd. through a public tender on the Shenzhen Assets Exchange, setting a minimum aggregate bidding price of RMB3.27 billion. Once completed, Huanshan will cease to be a subsidiary, and its assets, liabilities and results will no longer be consolidated into Vanke’s group financial statements, streamlining the company’s portfolio and potentially reshaping its balance sheet.

The transaction’s exact size classification under Hong Kong’s Listing Rules is still under review, as Vanke has applied for a special treatment of the “profits ratio” calculation due to an anomalous result. Depending on the Stock Exchange’s decision and the identity of the winning bidder, the disposal may be treated as a discloseable or connected transaction, triggering differing levels of disclosure and approval requirements for investors and regulators.

The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 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 Chinese real estate developer, operating through numerous subsidiaries across the mainland. The group focuses on residential and related property projects and manages a broad portfolio whose performance is consolidated into its group financial statements for reporting in Hong Kong.

Average Trading Volume: 29,687,314

Technical Sentiment Signal: Sell

Current Market Cap: HK$47.95B

For a thorough assessment of 2202 stock, go to TipRanks’ Stock Analysis page.