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Sino-Ocean Group Holding ( (HK:3377) ) has shared an update.
Sino-Ocean Group Holding Limited has announced an internal restructuring transaction involving the return of 2,684 parking spaces in the PRC from its subsidiary, Sino-Ocean Service Group, back to the parent company. This transaction, valued at RMB323,200,000, will be settled through a long-term loan, with Sino-Ocean Group acting as the guarantor. The restructuring is considered a discloseable transaction under Hong Kong’s listing rules, as it results in a net acquisition of approximately 36.18% interest in the target assets.
More about Sino-Ocean Group Holding
Sino-Ocean Group Holding Limited is a company incorporated in Hong Kong with limited liability, primarily engaged in real estate development and related services. The company focuses on the development of residential, commercial, and office properties, with a significant presence in the People’s Republic of China.
Average Trading Volume: 51,620,757
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.29B
See more data about 3377 stock on TipRanks’ Stock Analysis page.