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An announcement from Midea Real Estate Holding Limited ( (HK:3990) ) is now available.
Midea Real Estate Holding Limited announced a revision of the annual caps for its 2024 Real Estate Technology Service Framework Agreement with Midea Construction. This adjustment reflects the anticipated increase in service demand and requires approval from independent shareholders. Additionally, the company proposes amendments to its Memorandum and Articles of Association to allow more flexibility in board appointments and auditor vacancy fillings, subject to shareholder approval at an upcoming extraordinary general meeting.
The most recent analyst rating on (HK:3990) stock is a Buy with a HK$5.90 price target. To see the full list of analyst forecasts on Midea Real Estate Holding Limited stock, see the HK:3990 Stock Forecast page.
More about Midea Real Estate Holding Limited
Midea Real Estate Holding Limited is a company incorporated in the Cayman Islands, primarily involved in providing real estate technology services. The company operates in the real estate sector and focuses on delivering technology-driven solutions to enhance construction processes and outcomes.
Average Trading Volume: 6,982,494
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.88B
Learn more about 3990 stock on TipRanks’ Stock Analysis page.