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JNBY Design ( (HK:3306) ) has issued an update.
JNBY Design Limited has announced that its subsidiary, Huipu Apparel, has successfully acquired land use rights for a plot in Xihu district, Hangzhou, China, for RMB 281.2 million. This acquisition, classified as a discloseable transaction under Hong Kong’s listing rules, is intended for industrial purposes over a 50-year term, potentially enhancing the company’s operational capabilities and market presence.
The most recent analyst rating on (HK:3306) stock is a Buy with a HK$18.68 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.
More about JNBY Design
JNBY Design Limited is a company incorporated in the Cayman Islands, operating in the fashion and apparel industry. It focuses on designing and manufacturing clothing and accessories, catering primarily to the Chinese market.
Average Trading Volume: 1,118,532
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.11B
See more insights into 3306 stock on TipRanks’ Stock Analysis page.