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Pokfulam Development Co. Ltd. ( (HK:0225) ) has issued an announcement.
Pokfulam Development Co. Ltd. has announced a connected transaction involving its subsidiary, Pokfulam Property, entering into a construction contract worth HK$3,560,000 for renovation works. The contractor, owned by relatives of an executive director, makes this a connected transaction under Hong Kong’s Listing Rules. The renovation aims to enhance the exterior and reinstate parts of the property, with the project expected to complete within 120 days. The transaction is subject to reporting requirements but exempt from shareholder approval, indicating a strategic move to improve property assets while adhering to regulatory standards.
The most recent analyst rating on (HK:0225) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.
More about Pokfulam Development Co. Ltd.
Pokfulam Development Co. Ltd. operates in the property development industry, focusing on real estate and property management services. The company is involved in the renovation and enhancement of properties, aiming to improve their value and appeal.
Average Trading Volume: 13,113
Technical Sentiment Signal: Hold
Current Market Cap: HK$661.1M
For a thorough assessment of 0225 stock, go to TipRanks’ Stock Analysis page.