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Ever Reach Group Holdings Co., Ltd. ( (HK:3616) ) has issued an update.
Ever Reach Group Holdings Co., Ltd. announced a connected transaction involving the sale of a residential property in Zhengzhou to Mr. LI Xiaobing, the company’s chairman and controlling shareholder. The transaction, valued at RMB3.30 million, is considered a routine business activity and is exempt from independent shareholder approval due to its compliance with specific listing rules. The board, excluding Mr. LI Xiaobing, views the transaction as fair and beneficial to the company and its shareholders.
The most recent analyst rating on (HK:3616) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Ever Reach Group Holdings Co., Ltd. stock, see the HK:3616 Stock Forecast page.
More about Ever Reach Group Holdings Co., Ltd.
Ever Reach Group Holdings Co., Ltd. is primarily involved in property development and property investment in the People’s Republic of China. Henan Dadi, a wholly-owned subsidiary, focuses on investment holding and has developed properties like Longhu Building, strategically located in Zhengzhou’s financial hub.
Technical Sentiment Signal: Hold
Current Market Cap: HK$312M
For an in-depth examination of 3616 stock, go to TipRanks’ Overview page.