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An update from Greentown China Holdings ( (HK:3900) ) is now available.
Greentown China Holdings Limited announced that its wholly-owned subsidiary, Greentown Architectural, has entered into an agreement with CCCC Construction to provide decoration and installation services for a construction project in Hangzhou. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules due to the substantial shareholding of CCCG in Greentown, and it is subject to specific reporting requirements. The agreement, valued at approximately RMB30,600,000, was determined through a public bidding process and is expected to enhance Greentown’s operational capabilities and strengthen its industry positioning.
The most recent analyst rating on (HK:3900) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Greentown China Holdings stock, see the HK:3900 Stock Forecast page.
More about Greentown China Holdings
Greentown China Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the real estate and construction industry. It focuses on providing architectural, decoration, and installation services through its subsidiary, Greentown Architectural.
YTD Price Performance: 19.55%
Average Trading Volume: 11,465,905
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27.17B
See more insights into 3900 stock on TipRanks’ Stock Analysis page.