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The latest announcement is out from Desun Real Estate Investment Services Group Co., Ltd. ( (HK:2270) ).
Desun Real Estate Investment Services Group, via its wholly owned subsidiary Green Real Estate, has agreed to provide joint liability guarantee and pledge its 50% equity interest in Chengdu Bangtai to Bank of China to secure certain repayment obligations, in addition to an existing shareholder loan of up to RMB160 million and a prior RMB10 million capital contribution. The aggregation of the capital contribution, loan, guarantee and equity pledge means the overall financial assistance to Chengdu Bangtai qualifies as a major transaction under Hong Kong Listing Rules, triggering reporting and shareholder approval requirements, which have been satisfied through written consent from controlling shareholder Sky Donna Holding Limited, allowing Desun to proceed without convening an extraordinary general meeting.
The most recent analyst rating on (HK:2270) stock is a Hold with a HK$4.00 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. is a Hong Kong-listed property-related group that operates through subsidiaries such as Green Real Estate to provide real estate investment and related financial support to project companies, focusing on the Chinese property market.
Average Trading Volume: 45,500
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.48B
Learn more about 2270 stock on TipRanks’ Stock Analysis page.