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Shui On Land ( (HK:0272) ) has shared an update.
Shui On Land Limited announced the formation of a joint venture with Shanghai Lujiazui, Shanghai Pudong Real Estate, and Shanghai Sanlin to undertake a property redevelopment project in Pudong New Area, Shanghai. The joint venture, which involves a significant capital commitment, has been approved by the company’s major shareholders, allowing the project to proceed without the need for an extraordinary general meeting.
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
Shui On Land Limited is a property development company incorporated in the Cayman Islands, focusing on urban renewal projects primarily in China. The company is involved in property redevelopment and real estate investments, with a significant presence in Shanghai.
Average Trading Volume: 11,016,536
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.85B
Find detailed analytics on 0272 stock on TipRanks’ Stock Analysis page.