tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Country Garden Services Sells Wanda Stake

Country Garden Services Sells Wanda Stake

Country Garden Services Holdings Co (HK:6098) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Country Garden Services Holdings Co has announced the sale of a 1.49% stake in Zhuhai Wanda for RMB3.14 billion, allowing them to realize an 8% annualized internal rate of return after tax. This strategic disposal, which is classified as a discloseable transaction under Hong Kong’s Listing Rules, will not require shareholder approval. Following the sale, Country Garden Services will retain a 0.31% interest in the company.

For further insights into HK:6098 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1