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An update from Minmetals Land Limited ( (HK:0230) ) is now available.
Minmetals Land Limited announced that its indirect non-wholly owned subsidiary, Chengdu Xiangkuang, has entered into Funds Collection Agreements with its shareholders Shengshi Guangye and Xiangcheng Yingchuang. The agreements involve the transfer of funds amounting to RMB28,941,751.93 and RMB27,806,781.27 to Shengshi Guangye and Xiangcheng Yingchuang, respectively, on an unsecured interest-free basis, in proportion to their shareholdings. This transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval.
The most recent analyst rating on (HK:0230) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Minmetals Land Limited stock, see the HK:0230 Stock Forecast page.
More about Minmetals Land Limited
YTD Price Performance: -11.84%
Average Trading Volume: 490,522
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.12B
For a thorough assessment of 0230 stock, go to TipRanks’ Stock Analysis page.