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Excellence Commercial Property & Facilities Management Group Limited ( (HK:6989) ) has shared an update.
Excellence Commercial Property & Facilities Management Group Limited has released a supplemental announcement regarding its 2024 Annual Report, detailing the use of net proceeds and the status of its acquisition of a 75% equity interest in Beijing Global Wealth Property Management Co., Ltd. The company reported net proceeds of HKD1,825.6 million brought forward from the previous year, with a significant portion allocated to business expansion through strategic acquisitions and investments. The announcement highlights the company’s efforts to enhance its smart technology management information platform and improve management efficiency, indicating a focus on leveraging technology to boost customer experience and operational effectiveness.
The most recent analyst rating on (HK:6989) stock is a Hold 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 property management services and facilities management, with a strategic emphasis on expanding its operational scale and enhancing profitability through acquisitions and investments.
Average Trading Volume: 1,105,699
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.22B
For an in-depth examination of 6989 stock, go to TipRanks’ Overview page.