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Shui On Land ( (HK:0272) ) has issued an announcement.
Shui On Land Limited has announced the formation of a joint venture with Shanghai Xinfuli to participate in a proposed acquisition. The joint venture, structured with a 30% and 70% ownership between Shanghai Ruixinli and Shanghai Xinfuli respectively, aims to engage in the development, sales, and operation of a Shanghai project. This transaction, classified as discloseable under Hong Kong’s Listing Rules, highlights Shui On Land’s strategic expansion in the Shanghai real estate market and its commitment to enhancing its operational capabilities.
More about Shui On Land
Shui On Land Limited is a real estate development company incorporated in the Cayman Islands. The company focuses on property management, architectural construction engineering design, and municipal construction engineering design, primarily operating in Shanghai.
Average Trading Volume: 7,272,645
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.45B
For detailed information about 0272 stock, go to TipRanks’ Stock Analysis page.