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Star Group Company Limited ( (HK:1560) ) has provided an announcement.
Star Group Asia Limited has entered into a non-legally binding memorandum of understanding for a potential acquisition of Global Student Living Group Holding Limited, a Hong Kong-based provider of student hostels and co-living accommodation, by way of subscribing for or acquiring some or all of its shares. The deal grants Star Group an exclusive 150-day negotiation and due diligence window and, if completed, would extend the group’s reach into the student and young professional accommodation market, adding a diversified portfolio of managed residential units and established relationships with local and overseas tertiary institutions, which could strengthen its property management capabilities and recurring income base.
The most recent analyst rating on (HK:1560) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Star Group Company Limited stock, see the HK:1560 Stock Forecast page.
More about Star Group Company Limited
Star Group Asia Limited is a Cayman Islands-incorporated company listed in Hong Kong that operates through subsidiaries in property-related businesses. The group focuses on real estate and accommodation-linked services, seeking growth opportunities in niche segments such as student housing, co-living and property management within key urban markets.
Average Trading Volume: 156,090
Technical Sentiment Signal: Sell
Current Market Cap: HK$81.47M
For a thorough assessment of 1560 stock, go to TipRanks’ Stock Analysis page.