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Shimao Property Holdings ( (HK:0813) ) has issued an announcement.
Shimao Property Holdings has announced a significant transaction involving the sale of its 50% equity interest in a Beijing-based property development company, which manages a mixed-use business and commercial complex. This transaction, valued at approximately RMB156.2 million, will result in Shimao ceasing its involvement with the Project Company. The disposal is categorized as a discloseable transaction under Hong Kong’s Listing Rules, indicating its moderate impact on the company’s financials. The deal involves a combination of cash payment and property title transfers, reflecting strategic financial planning and asset management by Shimao.
The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.25 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.
More about Shimao Property Holdings
Average Trading Volume: 8,277,811
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.81B
Find detailed analytics on 0813 stock on TipRanks’ Stock Analysis page.