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Minmetals Land Limited ( (HK:0230) ) has provided an update.
Minmetals Land Limited has announced a connected transaction involving the renewal of a tenancy agreement for office premises and car parking spaces at Minmetals Plaza in Beijing. This agreement, entered into by its subsidiary Shengshi Guangye with Fifth Plaza Co, a connected person due to its association with China Minmetals, reflects strategic positioning to maintain effective communication within the group. The transaction, valued at RMB9,445,711.78, is recognized as an acquisition of right-of-use assets, with implications for the company’s financial reporting under HKFRS 16.
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
Minmetals Land Limited operates in the real estate industry, focusing on property development and investment. It is a part of the China Minmetals group, which is a significant player in the metals and mining sector.
YTD Price Performance: -7.89%
Average Trading Volume: 347,161
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.17B
See more insights into 0230 stock on TipRanks’ Stock Analysis page.