Financial Street Property Co. Limited Class H (HK:1502) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Financial Street Property Co., Limited has successfully acquired an additional 11% equity interest in a target company, raising its total ownership to 51%. This strategic move, conducted through open market bidding and valued at RMB6.5128 million, positions the target company as an indirect non-wholly owned subsidiary of Financial Street Property. The acquisition, significant yet not requiring shareholder approval, highlights the company’s expanding influence in the market.
For further insights into HK:1502 stock, check out TipRanks’ Stock Analysis page.