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Shui On Land ( (HK:0272) ) has provided an announcement.
Shui On Land Limited has announced a major transaction involving a capital contribution increase to its fund and the equity transfer of project companies. The transaction will see the fund’s capital commitment rise to RMB3.54 billion, with 100% equity interests in Fo Shan Shui On and Fo Shan An Ying being transferred to the fund. This move will result in the fund being considered a subsidiary of Shui On Land, consolidating its financial results into the company’s statements. The transaction is classified as a major transaction under the Listing Rules, with shareholder approval obtained through written consent, eliminating the need for an extraordinary general meeting.
More about Shui On Land
Shui On Land Limited is a real estate development company incorporated in the Cayman Islands, focusing on property development and investment. The company operates primarily in the Chinese market, engaging in large-scale urban redevelopment projects and property management services.
Average Trading Volume: 9,977,261
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.85B
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