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The latest update is out from China Wantian Holdings Limited ( (HK:1854) ).
China Wantian Holdings Limited has agreed to sell the entire issued share capital of a property-holding subsidiary that indirectly owns a portfolio of industrial workshops and car parks in Kwai Tak Industrial Centre, Kwai Chung, for HK$46.5 million to an independent third party. As part of the transaction structure, the group will lease back a portion of these properties, referred to as Properties A, for one year from completion at a monthly rent of HK$120,000 to maintain continuity in its food supply operations. The deal qualifies as a discloseable transaction under Hong Kong listing rules, reflecting a moderate-sized asset disposal that allows the company to unlock value from real estate it uses in its core business while retaining short-term access to key operating premises.
The most recent analyst rating on (HK:1854) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on China Wantian Holdings Limited stock, see the HK:1854 Stock Forecast page.
More about China Wantian Holdings Limited
China Wantian Holdings Limited operates a food supply business in Hong Kong, using industrial properties in Kwai Chung as operational facilities to support its distribution and related activities.
Average Trading Volume: 819,255
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.69B
Learn more about 1854 stock on TipRanks’ Stock Analysis page.