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Kaisa Prosperity Holdings Ltd. ( (HK:2168) ) has issued an announcement.
Kaisa Prosperity Holdings Ltd. announced a connected transaction involving the leasing of 810 car parking spaces from a subsidiary of its controlling shareholder, Kaisa Holdings, for a term of 15 years. This transaction, valued at RMB 9,800,000, is recognized as an acquisition of assets and is subject to reporting and announcement requirements under Hong Kong’s Listing Rules. The rent was determined based on market rates and is considered fair and reasonable by the company’s directors, reflecting a strategic move to enhance asset utilization and operational efficiency.
More about Kaisa Prosperity Holdings Ltd.
Kaisa Prosperity Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in property management services. It operates within the real estate industry, focusing on managing residential and commercial properties, particularly in the Chinese market.
Average Trading Volume: 46,125
Technical Sentiment Signal: Sell
Current Market Cap: HK$232.7M
For a thorough assessment of 2168 stock, go to TipRanks’ Stock Analysis page.