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The latest announcement is out from China Vanke Co ( (HK:2202) ).
China Vanke has withdrawn its application to spin off and separately list three high-standard warehouse logistics park projects via a publicly traded infrastructure securities investment fund on the Shenzhen Stock Exchange, a move taken after comprehensive consideration of external and market conditions and consultations among relevant parties. The company stated that the termination of the review and withdrawal of related application documents will not have a material adverse impact on its daily operations, and indicated it may restart the listing application when market conditions are more favorable, while advising shareholders and potential investors to exercise caution in trading its securities.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 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 property developer, with operations that include the development and management of real estate assets such as warehouse logistics parks, reflecting its participation in both residential and logistics-related property markets.
Average Trading Volume: 54,656,695
Technical Sentiment Signal: Sell
Current Market Cap: HK$59.87B
For an in-depth examination of 2202 stock, go to TipRanks’ Overview page.