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Financial Street Property Co. Expands Stake in Chongqing Jiangbeizui

Story Highlights
  • Financial Street Property operates in the property management industry in China.
  • The acquisition of 11% equity in Chongqing Jiangbeizui shows significant asset appreciation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Financial Street Property Co. Expands Stake in Chongqing Jiangbeizui

Confident Investing Starts Here:

An update from Financial Street Property Co. Limited Class H ( (HK:1502) ) is now available.

Financial Street Property Co., Limited announced a supplemental disclosure regarding its acquisition of an 11% equity interest in Chongqing Jiangbeizui Property Service Co., Ltd. The valuation of the target company showed a significant appreciation in net asset value, indicating a promising investment. The income approach used in the valuation highlighted stable growth prospects and a consistent gross profit margin for the target company, suggesting potential long-term benefits for stakeholders.

More about Financial Street Property Co. Limited Class H

Financial Street Property Co., Limited is a joint stock company incorporated in China, operating in the property management industry. It focuses on providing comprehensive property management services, particularly in the Chinese market.

YTD Price Performance: 0%

Average Trading Volume: 112,821

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$784.3M

See more data about 1502 stock on TipRanks’ Stock Analysis page.

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