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An announcement from Shangri-La Asia ( (HK:0069) ) is now available.
Shangri-La Asia Limited has announced a connected transaction involving the lease of office premises at Great World City in Singapore. The lease, valued at SGD4,200,000, is considered a connected transaction due to the relationship between the lessee and lessor, both subsidiaries of larger entities. This strategic move is expected to enhance the company’s operational efficiency by situating its corporate offices in a prime location, aligning with market rental rates, and supporting the company’s ongoing business activities.
The most recent analyst rating on (HK:0069) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Shangri-La Asia stock, see the HK:0069 Stock Forecast page.
More about Shangri-La Asia
Shangri-La Asia Limited is involved in the development, ownership, and operation of hotel properties, offering hotel management and related services. The company operates under various brand names such as ‘Shangri-La’, ‘Kerry Hotel’, and ‘JEN by Shangri-La’.
Average Trading Volume: 663,394
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.72B
For detailed information about 0069 stock, go to TipRanks’ Stock Analysis page.