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The latest update is out from Precious Dragon Technology Holdings Ltd. ( (HK:1861) ).
Precious Dragon Technology Holdings Limited has agreed to acquire a commercial office unit in China Merchants Tower at Shun Tak Centre in Sheung Wan, Hong Kong, for HK$40.39 million through its indirect wholly owned subsidiary European Property Holding Limited. The 2,676-square-foot property purchase, financed by internal resources and/or bank borrowings and structured as a discloseable transaction under Hong Kong Listing Rules, reflects the group’s continued investment in office infrastructure and may strengthen its operational base and long-term asset portfolio without triggering higher-tier regulatory requirements.
The most recent analyst rating on (HK:1861) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Precious Dragon Technology Holdings Ltd. stock, see the HK:1861 Stock Forecast page.
More about Precious Dragon Technology Holdings Ltd.
Precious Dragon Technology Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries and is engaged in commercial activities that include managing and deploying capital into fixed assets such as office properties in Hong Kong to support its corporate operations.
Average Trading Volume: 40,157
Technical Sentiment Signal: Buy
Current Market Cap: HK$460.8M
See more insights into 1861 stock on TipRanks’ Stock Analysis page.