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The latest announcement is out from Aoyuan Healthy Life Group Co. Ltd. ( (HK:3662) ).
Starjoy Wellness and Travel has reallocated and extended the timeline for using the remaining HK$136.4 million of net proceeds raised from its 2019 Hong Kong listing and subsequent over-allotment option, after having already deployed about RMB436.8 million mainly on acquisitions in commercial operational and property management services. The board has now earmarked RMB30 million of the unutilised funds for further acquisitions in those core service areas and RMB106.4 million for investments in property management, real estate asset operation and related lifecycle industries, targeting full utilisation by April 2028, signalling a continued push for scale and diversification within its operating portfolio.
The most recent analyst rating on (HK:3662) stock is a Hold with a HK$0.44 price target. To see the full list of analyst forecasts on Aoyuan Healthy Life Group Co. Ltd. stock, see the HK:3662 Stock Forecast page.
More about Aoyuan Healthy Life Group Co. Ltd.
Starjoy Wellness and Travel Company Limited, formerly Aoyuan Healthy Life Group Company Limited, operates in the commercial operational services and property management sector, with a focus on acquiring and investing in service providers in related and complementary areas. The Hong Kong-listed group also develops O2O platforms and intelligent service systems to support its property and commercial operations, and uses part of its capital for working capital and general corporate purposes.
Average Trading Volume: 682,213
Technical Sentiment Signal: Sell
Current Market Cap: HK$214.2M
See more data about 3662 stock on TipRanks’ Stock Analysis page.