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Shui On Land ( (HK:0272) ) has provided an update.
Shui On Land Limited has announced a connected transaction involving the sale of a property by its non-wholly owned subsidiary to a family member of an executive director and the chief executive officer of the company. The transaction, valued at approximately RMB30.5 million, is considered a connected transaction under Hong Kong’s Listing Rules but is exempt from certain approval requirements. The sale is expected to result in an unaudited gain of approximately RMB5.36 million for the company, which will be used as general working capital.
The most recent analyst rating on (HK:0272) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shui On Land stock, see the HK:0272 Stock Forecast page.
More about Shui On Land
YTD Price Performance: 13.56%
Average Trading Volume: 9,297,456
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.77B
Find detailed analytics on 0272 stock on TipRanks’ Stock Analysis page.