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Hevol Services Group Expands Stake in Property Management Firm

Story Highlights
  • Hevol Services Group is acquiring a 30% stake in a property management company.
  • The acquisition is valued at RMB60,189,700 and will make the target company a wholly-owned subsidiary.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hevol Services Group Expands Stake in Property Management Firm

Confident Investing Starts Here:

Hevol Services Group Co. Limited ( (HK:6093) ) just unveiled an announcement.

Hevol Services Group Co. Limited has announced a transaction involving the acquisition of a 30% equity interest in a property management company, which will result in the target company becoming an indirect wholly-owned subsidiary. The acquisition, valued at RMB60,189,700, is considered a discloseable and connected transaction under Hong Kong’s Listing Rules. The directors have deemed the terms fair and reasonable, and the transaction is expected to benefit the company and its shareholders.

More about Hevol Services Group Co. Limited

Average Trading Volume: 28,900

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$750.4M

For detailed information about 6093 stock, go to TipRanks’ Stock Analysis page.

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