tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ever Reach Group Announces Connected Property Transaction

Story Highlights
Ever Reach Group Announces Connected Property Transaction

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1