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The latest update is out from Shenzhen Investment ( (HK:0604) ).
Shenzhen Investment Limited announced a supplemental disclosure regarding its loan transactions under an Investment Cooperation Agreement with Shenzhen Taiyuntong. The loans, provided to shareholders Shum Yip Terra and Shenzhen Metro Real Estate, are part of a closed-loop fund management regime, ensuring surplus cash is used efficiently. This approach aligns with financial operation standards and reflects the company’s strategic management of resources. The involvement of Shenzhen Metro Real Estate, a state-owned enterprise, underscores the high creditworthiness and government backing, reinforcing the company’s strong industry positioning.
The most recent analyst rating on (HK:0604) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Shenzhen Investment stock, see the HK:0604 Stock Forecast page.
More about Shenzhen Investment
Shenzhen Investment Limited operates in the real estate industry, focusing on property development and investment. The company is involved in managing and developing real estate projects, and its market focus includes partnerships with state-owned enterprises, highlighting its strategic positioning in the Chinese market.
Average Trading Volume: 37,627,455
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.74B
Learn more about 0604 stock on TipRanks’ Stock Analysis page.