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Cross-Harbour Announces Sale of Limited Partnership Interests

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Cross-Harbour Announces Sale of Limited Partnership Interests

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Cross-Harbour (Holdings) ( (HK:0032) ) just unveiled an update.

Cross-Harbour (Holdings) Limited, through its indirect wholly-owned subsidiary PCL, has entered into an agreement to sell its limited partnership interests in Partnership 1 and Partnership 2 to Industry Ventures for an initial purchase price of approximately US$14.4 million. This transaction, which was conducted through an auction process, is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement. The sale is expected to impact the company’s financials, with the final purchase price subject to adjustments based on capital contributions and distributions made before the closing date.

The most recent analyst rating on (HK:0032) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Cross-Harbour (Holdings) stock, see the HK:0032 Stock Forecast page.

More about Cross-Harbour (Holdings)

Average Trading Volume: 22,214

Technical Sentiment Signal: Buy

Current Market Cap: HK$3.22B

For a thorough assessment of 0032 stock, go to TipRanks’ Stock Analysis page.

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