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An announcement from Gemdale Properties & Investment ( (HK:0535) ) is now available.
Gemdale Properties and Investment Corporation Limited has agreed to sell 100% of the equity in an indirect wholly owned subsidiary that holds a research and development and office project in Shenzhen. The asset, located on Baolong 1st Road in Longgang District with a gross floor area of about 86,200 square meters and leased to multiple tenants, will cease to be consolidated into the group’s financial statements upon completion.
Under the deal signed on 17 March 2026, the subsidiary Vision Shenzhen will dispose of the target company to buyer Yajingyuan for total consideration of roughly RMB135.7 million. The purchaser will also fund the repayment of a shareholder loan of about RMB54.7 million, and the transaction, sized between 5% and 25% under Hong Kong listing rules, is classified as a discloseable transaction requiring reporting and announcement but not shareholder approval.
The most recent analyst rating on (HK:0535) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Gemdale Properties & Investment stock, see the HK:0535 Stock Forecast page.
More about Gemdale Properties & Investment
Gemdale Properties and Investment Corporation Limited is a Bermuda-incorporated property company listed in Hong Kong that focuses on investment and development of commercial real estate projects. Its portfolio includes research and development parks, office properties and other income-generating assets in mainland China, serving corporate tenants in technology, industrial and service sectors.
Average Trading Volume: 4,573,308
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.84B
Learn more about 0535 stock on TipRanks’ Stock Analysis page.