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Shun Tak Holdings ( (HK:0242) ) has issued an announcement.
Shun Tak Holdings Limited has announced a major transaction involving the disposal of office and retail properties located in Zhuhai, China, for approximately RMB724.2 million. This transaction, which exceeds 25% of the applicable percentage ratios, is classified as a major transaction under the Listing Rules, and has received written approval from shareholders holding more than 50% of the voting rights, negating the need for a general meeting.
More about Shun Tak Holdings
Shun Tak Holdings Limited is a company incorporated in Hong Kong with limited liability, primarily operating in the real estate sector. The company is involved in property development, investment, and management, with a market focus on the Greater China region.
YTD Price Performance: -3.03%
Average Trading Volume: 1,533,362
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.93B
For a thorough assessment of 0242 stock, go to TipRanks’ Stock Analysis page.