Financial Street Property Co. Limited Class H (HK:1502) has released an update.
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Financial Street Property Co., Limited has announced the acquisition of an 11% equity stake in a target company through open market bidding at the Chongqing Assets and Equity Exchange. The transaction price, determined using a valuation report by Chongqing Jingwei Asset Appraisal, reflects the company’s compliance with stock exchange listing rules. This strategic move underscores the company’s growth ambitions and commitment to expanding its asset portfolio.
For further insights into HK:1502 stock, check out TipRanks’ Stock Analysis page.