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
Grand Ming Group Holdings Ltd. ( (HK:1271) ) just unveiled an announcement.
Grand Ming Group Holdings Ltd. announced the expiration of an exclusivity period regarding a potential transaction with Wellford Properties, indicating no definitive agreement was reached. However, the company signed a non-legally binding indicative term sheet with an intended purchaser for the potential disposal of its entire portfolio of four data center projects, including 100% equity interests in Wellford Properties Holdings Limited and Wellford Properties Limited. This move could significantly impact the company’s operations by potentially divesting its data center assets, which may influence its market positioning and stakeholder interests.
The most recent analyst rating on (HK:1271) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on Grand Ming Group Holdings Ltd. stock, see the HK:1271 Stock Forecast page.
More about Grand Ming Group Holdings Ltd.
Grand Ming Group Holdings Ltd. operates in the real estate industry, focusing on the development and management of data centers. The company is involved in holding and leasing data centers, as well as developing new data center projects.
Average Trading Volume: 83,759
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.62B
For detailed information about 1271 stock, go to TipRanks’ Stock Analysis page.