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Sino-Ocean Service Holding Ltd. ( (HK:6677) ) has shared an update.
Sino-Ocean Service Holding’s wholly owned unit Ocean Homeplus has agreed to acquire 191 parking spaces in mainland China from Beijing Yuanxin for RMB31.33 million. The consideration will be settled entirely by offsetting an equivalent refundable deposit receivable owed by Beijing Yuanxin under a 2022 framework agreement, avoiding any separate cash outlay.
Because Beijing Yuanxin is a wholly owned subsidiary of Sino-Ocean Group, the listed company’s controlling shareholder, the deal is classified as both a connected and discloseable transaction under Hong Kong Listing Rules. The acquisition therefore requires approval by independent shareholders at an extraordinary general meeting, with an independent board committee and Red Sun Capital appointed to advise investors, and a detailed circular to be dispatched by the end of April 2026.
The most recent analyst rating on (HK:6677) stock is a Hold with a HK$0.43 price target. To see the full list of analyst forecasts on Sino-Ocean Service Holding Ltd. stock, see the HK:6677 Stock Forecast page.
More about Sino-Ocean Service Holding Ltd.
Sino-Ocean Service Holding Limited is a Hong Kong-listed property services company incorporated in the Cayman Islands. Through subsidiaries such as Ocean Homeplus, it provides property-related management and ancillary services across mainland China, including managing residential communities and associated facilities such as parking spaces.
Average Trading Volume: 106,596
Technical Sentiment Signal: Sell
Current Market Cap: HK$402.6M
For an in-depth examination of 6677 stock, go to TipRanks’ Overview page.