Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Road King Infrastructure ( (HK:1098) ) has provided an announcement.
Road King Infrastructure’s indirect wholly owned subsidiary Ningbo Yonghong Property has agreed to dispose of certain commercial property interests and parking spaces in the RK XinTianDi Commercial Project in Ningbo, Zhejiang Province, to Zhejiang Xilun Commercial Operation Management for a total consideration of RMB100.3 million. The transaction, which qualifies as a discloseable transaction under Hong Kong listing rules, involves the sale of land use rights, associated commercial buildings with a combined gross floor area of about 28,596.69 square meters, and 415 car parking spaces, with the proceeds partly used to repay an existing mortgage loan and the balance payable upon completion of mortgage cancellations and relevant registration procedures, thereby allowing the group to monetize non-core assets and improve capital flexibility.
The most recent analyst rating on (HK:1098) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Road King Infrastructure stock, see the HK:1098 Stock Forecast page.
More about Road King Infrastructure
Road King Infrastructure Limited is a Hong Kong-listed company engaged in infrastructure and property-related businesses, with operations that include commercial property projects in mainland China such as the RK XinTianDi Commercial Project in Ningbo, Zhejiang Province.
Average Trading Volume: 165,963
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$509.5M
Find detailed analytics on 1098 stock on TipRanks’ Stock Analysis page.