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Chinney Investments, Limited ( (HK:0216) ) has provided an announcement.
Chinney Investments, Limited has announced a voluntary disclosure regarding the disposal of its Target Group, which includes Oseling Investments, King Capital, and The Bauhinia Hotel (TST). The agreement involves selling the Sale Share and Sale Loans to Brightwood Management Limited for approximately HK$340,349,500, subject to certain conditions. The transaction does not constitute a notifiable transaction under the Stock Exchange’s Listing Rules, but CIL has chosen to inform shareholders and potential investors. The disposal’s completion is contingent upon fulfilling specific conditions, and stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:0216) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Chinney Investments, Limited stock, see the HK:0216 Stock Forecast page.
More about Chinney Investments, Limited
Chinney Investments, Limited (CIL) is a company incorporated in Hong Kong with limited liability. It operates in the investment sector, holding significant equity interests in various subsidiaries, including Hon Kwok, which is listed on the Main Board of the Stock Exchange. CIL’s market focus includes property investments and management.
Average Trading Volume: 104,800
Technical Sentiment Signal: Sell
Current Market Cap: HK$341.8M
Find detailed analytics on 0216 stock on TipRanks’ Stock Analysis page.