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Desun Real Estate Announces Capital Increase in Joint Venture

Story Highlights
  • Desun’s subsidiary, Green Real Estate, will invest RMB10 million in a joint venture with Bangtai Yueshang.
  • The Target Company will not be a subsidiary, and its financials won’t be consolidated into Desun’s statements.
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Desun Real Estate Announces Capital Increase in Joint Venture

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Desun Real Estate Investment Services Group Co., Ltd. ( (HK:2270) ) has issued an update.

Desun Real Estate Investment Services Group Co., Ltd. announced a capital increase agreement through its subsidiary, Green Real Estate, with Bangtai Yueshang. The agreement involves Green Real Estate subscribing for RMB10 million of new registered capital in the Target Company, resulting in both parties holding 50% equity interest. This transaction is classified as a discloseable transaction under the Listing Rules, but the Target Company will not become a subsidiary of Desun, and its financial results will not be consolidated into Desun’s financial statements.

The most recent analyst rating on (HK:2270) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Desun Real Estate Investment Services Group Co., Ltd. stock, see the HK:2270 Stock Forecast page.

More about Desun Real Estate Investment Services Group Co., Ltd.

Desun Real Estate Investment Services Group Co., Ltd. operates in the real estate investment industry, focusing on real estate services and investment opportunities.

Average Trading Volume: 17,992

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.84B

Find detailed analytics on 2270 stock on TipRanks’ Stock Analysis page.

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