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An update from Hysan Development Co ( (HK:0014) ) is now available.
Hysan Development Company Limited announced a connected transaction involving the sale of a residential unit at Bamboo Grove by its wholly-owned subsidiary, Kwong Wan, to a purchaser wholly-owned by Mr. Zhang Yong, an independent non-executive Director. The transaction, valued at HK$53,540,000, is subject to announcement and reporting requirements but exempt from independent shareholders’ approval due to its size under the Listing Rules. This sale aligns with market valuations and reflects the company’s ongoing asset management strategy.
The most recent analyst rating on (HK:0014) stock is a Buy with a HK$18.40 price target. To see the full list of analyst forecasts on Hysan Development Co stock, see the HK:0014 Stock Forecast page.
More about Hysan Development Co
Hysan Development Company Limited is a Hong Kong-based company involved in property development and investment. The company primarily focuses on residential and commercial properties, catering to the real estate market in Hong Kong.
Average Trading Volume: 2,112,535
Technical Sentiment Signal: Buy
Current Market Cap: HK$16.37B
See more data about 0014 stock on TipRanks’ Stock Analysis page.