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Excellence Commercial Property & Facilities Management Group Limited ( (HK:6989) ) has shared an announcement.
Excellence Commercial Property & Facilities Management Group Limited has entered into a Settlement Agreement with Excellence Real Estate to conditionally acquire Offset Assets valued at RMB362,825,942. This transaction involves the transfer of various properties, including residential, retail, and office units, as well as car parking spaces, with the consideration settled through trade and other receivables. The agreement, which follows arm’s length negotiations, is expected to streamline asset management and potentially enhance the company’s market positioning.
The most recent analyst rating on (HK:6989) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Excellence Commercial Property & Facilities Management Group Limited stock, see the HK:6989 Stock Forecast page.
More about Excellence Commercial Property & Facilities Management Group Limited
Excellence Commercial Property & Facilities Management Group Limited operates in the commercial property and facilities management industry. The company focuses on providing comprehensive property management services, including the management of residential, retail, and office units, as well as car parking spaces.
Average Trading Volume: 488,111
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.85B
For an in-depth examination of 6989 stock, go to TipRanks’ Overview page.