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The latest update is out from Swire Pacific ( (HK:0019) ).
Swire Pacific Limited, through its subsidiary Swire Properties, has completed a significant transaction involving the sale of its interests in Brickell City Centre to Simon Property. The transaction, valued at up to approximately US$548.7 million, includes retail, parking, and facilities interests. This move is part of Swire’s strategy to optimize its asset portfolio, potentially impacting its market positioning by reallocating resources to other strategic areas. The transaction is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules, highlighting its importance to stakeholders.
The most recent analyst rating on (HK:0019) stock is a Hold with a HK$71.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.
More about Swire Pacific
Swire Pacific Limited is a diversified conglomerate with interests in various industries including property, aviation, beverages, and marine services. Swire Properties, a subsidiary of Swire Pacific, focuses on property development and management, with a market focus on high-quality commercial, retail, and residential properties.
Average Trading Volume: 1,315,587
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$84.77B
For detailed information about 0019 stock, go to TipRanks’ Stock Analysis page.