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Royale Home Holdings Limited ( (HK:1198) ) just unveiled an announcement.
Royale Home Holdings Limited announced its intention to dispose of a 25% equity interest in Dongma through a public tender. This decision follows Dongma’s consistent losses since 2021, except for the year 2023, prompting Yuyuan Real Estate, a subsidiary of Royale Home Holdings, to exercise a put option for Lvshang Technology to purchase the equity. The minimum tender price is set at RMB60.0 million, factoring in an agreed annual return rate and a discount due to various economic and market challenges, including the impact of COVID-19, market trends in the environmental protection industry, and the property market downturn in China.
More about Royale Home Holdings Limited
Royale Home Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate sector. Its primary focus involves property development and management, with a specific emphasis on equity interests in various real estate ventures.
YTD Price Performance: -1.72%
Average Trading Volume: 145,611
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$740.6M
See more insights into 1198 stock on TipRanks’ Stock Analysis page.
