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An update from LVGEM (China) Real Estate Investment Company Limited ( (HK:0095) ) is now available.
LVGEM (China) Real Estate Investment Company Limited has completed the principal construction works and obtained all key government acceptance certificates for Phase I of its flagship Baishizhou Urban Renewal Project in Shenzhen, branded LVGEM Baishizhou Jingting. The group has started delivery procedures and expects the project’s launch to strengthen its property portfolio in the Greater Bay Area and South China, supporting future business development and financial performance while enhancing its position in large-scale urban renewal.
Separately, the company has moved to accelerate deleveraging through the planned disposal of its non-core Hong Kong asset NEO at 123 Hoi Bun Road, with the security agent appointing receivers from PricewaterhouseCoopers over the property to manage operations and organise a sale. The board says the receivership should not have adverse financial impact, is intended to maximise recovery for lenders and other creditors, and is expected to facilitate progress on the group’s offshore debt restructuring as it continues negotiations with stakeholders.
The most recent analyst rating on (HK:0095) stock is a Sell with a HK$0.26 price target. To see the full list of analyst forecasts on LVGEM (China) Real Estate Investment Company Limited stock, see the HK:0095 Stock Forecast page.
More about LVGEM (China) Real Estate Investment Company Limited
LVGEM (China) Real Estate Investment Company Limited is a Cayman Islands-incorporated property developer and investor focused on urban renewal and large-scale real estate projects in mainland China, particularly in the Greater Bay Area and South China, and also holds investment properties in Hong Kong. The group’s portfolio includes residential, commercial and mixed-use developments, with a strategic emphasis on urban redevelopment projects to enhance asset value and support its broader financial restructuring efforts.
Average Trading Volume: 6,324,883
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.65B
See more data about 0095 stock on TipRanks’ Stock Analysis page.