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E-House (China) Enterprise Holdings Limited ( (HK:2048) ) has shared an announcement.
E-House (China) Enterprise Holdings Limited announced the disposal of the Wanju Property, an office building in Shanghai, for RMB384,378,767 to Shanghai UCI. This transaction is a very substantial disposal under the Listing Rules, and the proceeds have been used to repay the company’s debt obligations, reflecting a strategic move to manage financial liabilities amid the real estate downturn in China.
More about E-House (China) Enterprise Holdings Limited
E-House (China) Enterprise Holdings Limited operates in the real estate industry, focusing on providing real estate agency services and property management solutions in China.
Average Trading Volume: 622,035
Technical Sentiment Signal: Sell
Current Market Cap: HK$181.9M
Learn more about 2048 stock on TipRanks’ Stock Analysis page.