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The latest update is out from Neusoft Education Technology Co. Limited ( (HK:9616) ).
Neusoft Education Technology Co. Limited, through its subsidiary Guangdong University, has successfully acquired land use rights for two parcels in Foshan City, Guangdong Province. The acquisition, totaling approximately RMB108.53 million, is part of the company’s strategy to integrate education, healthcare wellness, and mind tour by constructing the Neutech International Conference Center and University Science Park. This development will include practical training bases, a technology research and development center, an international conference center, a business hotel, hotel-style apartments, and other related facilities. The transaction is considered discloseable under Hong Kong’s listing rules, requiring notification and announcement but not shareholder approval.
More about Neusoft Education Technology Co. Limited
YTD Price Performance: 8.13%
Average Trading Volume: 171,978
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.72B
For detailed information about 9616 stock, go to TipRanks’ Stock Analysis page.