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Fortior Technology (Shenzhen) Co., Ltd. Class H ( (HK:1304) ) just unveiled an update.
Fortior Technology (Shenzhen) Co., Ltd. has agreed to acquire the entire Block 1 of Runrong Tower (Phase 2), an office-and-commercial property under construction in the Qianhai Shenzhen-Hong Kong Cooperation Zone, for approximately RMB709.7 million. The asset, comprising around 25,205 square meters of gross floor area, will be paid for in stages tied to construction progress and completion, and the transaction qualifies as a discloseable transaction under Hong Kong listing rules, underscoring the company’s continued investment in physical infrastructure to support its growth and presence in the strategically important Qianhai area.
More about Fortior Technology (Shenzhen) Co., Ltd. Class H
Fortior Technology (Shenzhen) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong, operating within a technology-focused industrial segment. The company’s activities necessitate substantial office and commercial space, reflecting a business model that supports continued operational expansion in Shenzhen and cross-border cooperation with Hong Kong.
Average Trading Volume: 150,611
Technical Sentiment Signal: Strong Sell
Learn more about 1304 stock on TipRanks’ Stock Analysis page.