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Shui On Land’s JV Stake Changes with Guotai Junan’s Put Option Exercise

Story Highlights
  • Shui On Land Limited is a real estate company focusing on property development in China.
  • Guotai Junan sold its JV stake to Sheng Pu, increasing Sheng Pu’s ownership to 80%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shui On Land’s JV Stake Changes with Guotai Junan’s Put Option Exercise

Confident Investing Starts Here:

An update from Shui On Land ( (HK:0272) ) is now available.

Shui On Land Limited announced that Guotai Junan has exercised its put option to sell its entire equity interest in a joint venture company to Sheng Pu for RMB31 million. This transaction will increase Sheng Pu’s stake in the joint venture from 49% to 80%, impacting the company’s investment portfolio and potentially strengthening its market position.

More about Shui On Land

Shui On Land Limited is a real estate development company incorporated in the Cayman Islands. It focuses on property development, property investment, and construction management, primarily operating in the Chinese market.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $721M

For detailed information about 0272 stock, go to TipRanks’ Stock Analysis page.

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