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The latest update is out from Shenyang Public Utility Holdings Co. Ltd. Class H ( (HK:0747) ).
Shenyang Public Utility Holdings Co. Ltd. has announced a significant acquisition of a 51% equity interest in Guangzhou Zhudao Property Management Company Limited for RMB550,000. This acquisition, classified as a very substantial acquisition under Hong Kong’s Listing Rules, will result in the consolidation of the financial results of the target company and its subsidiary into Shenyang’s financial statements, pending shareholder approval at an upcoming extraordinary general meeting.
More about Shenyang Public Utility Holdings Co. Ltd. Class H
Shenyang Public Utility Holdings Co. Ltd. is a joint stock limited company incorporated in China, focusing on public utility services. The company operates in the property management industry, providing management services to various properties, with a market focus on expanding its portfolio through strategic acquisitions.
YTD Price Performance: -13.33%
Average Trading Volume: 396,255
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$76.41M
For an in-depth examination of 0747 stock, go to TipRanks’ Stock Analysis page.