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The latest update is out from Horizon Construction Development Limited ( (HK:9930) ).
Horizon Construction Development Limited has completed its previously announced acquisition of a 25.6306% equity interest in Shanghai Hongzuo, following satisfaction of all conditions under the equity transfer agreement on 31 March 2026. Shanghai Hongzuo, founded in 2017 with Shanghai Depeng as the original shareholder, had an original acquisition cost of RMB45.28 million for this stake, while the latest deal valuation referenced an appraised enterprise equity value of RMB264 million as of end-2025 and subsequent capital injections.
The board, including independent non-executive directors, considers the transaction terms fair, reasonable and in the interests of shareholders, underscoring Horizon’s strategy to enhance its portfolio and benefit from Shanghai Hongzuo’s business performance, quality and growth prospects. The announcement also notes that HongShan Infrastructure Fund I, L.P., a fund focused on new economy infrastructure with a diversified base of professional investors, is among the related investment stakeholders, highlighting the sector’s appeal to institutional capital.
The most recent analyst rating on (HK:9930) stock is a Hold with a HK$0.89 price target. To see the full list of analyst forecasts on Horizon Construction Development Limited stock, see the HK:9930 Stock Forecast page.
More about Horizon Construction Development Limited
Horizon Construction Development Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in the construction and infrastructure development sector. The company focuses on development-related services and investments, positioning itself to capture growth opportunities in new economy infrastructure and related projects through strategic equity acquisitions.
Average Trading Volume: 321,528
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.85B
See more insights into 9930 stock on TipRanks’ Stock Analysis page.