TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Fufeng Group Limited ( (HK:0546) ) just unveiled an announcement.
Fufeng Group Limited, through its subsidiaries Shandong Fufeng, Fufeng Marketing, and Qingdao Wanchuang, has entered into a Sale and Purchase Agreement with Junan Zhifeng, Linyi Chengchuang, and Qingdao Yijing. This agreement involves Qingdao Yijing developing a parcel of land under the guidance of Fufeng’s subsidiaries, with Junan Zhifeng and Linyi Chengchuang financing the construction without interest. The transaction, valued at up to RMB365,650,000, is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval.
More about Fufeng Group Limited
YTD Price Performance: 30.49%
Average Trading Volume: 3,625,765
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.35B
See more insights into 0546 stock on TipRanks’ Stock Analysis page.