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Heng Hup Holdings Ltd. ( (HK:1891) ) just unveiled an update.
Heng Hup Holdings Ltd. has announced that an indirect controlled subsidiary has agreed to acquire two leasehold industrial land plots in Shah Alam, Selangor, Malaysia, for a total consideration of about RM17.0 million (approximately HK$32.4 million). The properties, which the group is currently renting, will be acquired under conditional sale and purchase agreements, subject to state authority consent for transfer and foreign ownership, with an 18‑month longstop period for these approvals; if the conditions are not met, the agreements may be terminated and the deposit refunded with interest. Classified as a discloseable transaction under Hong Kong Listing Rules, the deal strengthens the company’s asset base in a key operating location but remains uncertain until regulatory consents are obtained, and investors are cautioned that completion may or may not proceed.
The most recent analyst rating on (HK:1891) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Heng Hup Holdings Ltd. stock, see the HK:1891 Stock Forecast page.
More about Heng Hup Holdings Ltd.
Heng Hup Holdings Ltd. is a Hong Kong-listed company engaged in operations involving industrial properties and related activities in Malaysia, where it utilises leased sites to support its business. The group operates through subsidiaries and maintains a regional focus that includes property usage in Selangor, Malaysia, underpinning its operational footprint in the area.
Average Trading Volume: 224,837
Technical Sentiment Signal: Buy
Current Market Cap: HK$136M
Learn more about 1891 stock on TipRanks’ Stock Analysis page.