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Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) has provided an update.
Shanghai Industrial Urban Development Group Ltd announced the disposal of its 19% indirect interest in a Target Company to Shanghai Lingfeng Medical, which will become the sole owner of the Target Company. The transaction, valued at RMB73,598,000, is classified as a connected transaction under the Listing Rules due to the relationships between the involved parties, but it is exempt from the circular and independent shareholders’ approval requirements.
The most recent analyst rating on (HK:0563) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shanghai Industrial Urban Development Group Ltd stock, see the HK:0563 Stock Forecast page.
More about Shanghai Industrial Urban Development Group Ltd
Average Trading Volume: 2,390,559
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.6B
Find detailed analytics on 0563 stock on TipRanks’ Stock Analysis page.