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An announcement from Kerry Properties ( (HK:0683) ) is now available.
Kerry Properties, through its wholly-owned subsidiary, has entered into an agreement to sell a property unit in Jinling Residences, a residential project in Shanghai, to its Chairman, CEO, and Executive Director for RMB116,838,258. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules due to the involvement of a connected person, but it is exempt from shareholders’ approval requirements. The sale is part of the company’s ordinary business operations and aligns with the pre-sale price list approved by the relevant government authority.
The most recent analyst rating on (HK:0683) stock is a Hold with a HK$20.50 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.
More about Kerry Properties
Average Trading Volume: 1,950,492
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.68B
See more data about 0683 stock on TipRanks’ Stock Analysis page.