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Seazen Group Ltd. ( (HK:1030) ) has provided an update.
Seazen Group’s wholly owned subsidiary SRCIM has agreed to dispose of its entire equity interests in two subsidiaries, Target Company A and Target Company B, to a purchaser for total consideration of HK$88.05 million, with HK$25.23 million allocated to Target Company A and HK$62.82 million to Target Company B. Following completion, the two target companies will cease to be consolidated into Seazen’s financial statements, and the transactions, conducted with a connected party linked to the controlling shareholder’s family, are classified as connected transactions under Hong Kong listing rules; they trigger reporting and announcement requirements but are exempt from independent shareholders’ approval, reflecting routine balance sheet and related-party management within the group’s broader restructuring and capital allocation efforts.
The most recent analyst rating on (HK:1030) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Seazen Group Ltd. stock, see the HK:1030 Stock Forecast page.
More about Seazen Group Ltd.
Seazen Group Limited is a Hong Kong-listed property developer incorporated in the Cayman Islands, operating through subsidiaries in real estate investment and development. The group’s activities typically involve acquiring, holding and disposing of equity interests in project companies as part of its capital and portfolio management in the property sector.
Average Trading Volume: 19,689,137
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$15.06B
For a thorough assessment of 1030 stock, go to TipRanks’ Stock Analysis page.