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Yuexiu Property Expands Land Bank with Strategic Guangzhou Acquisition

Story Highlights
  • Yuexiu Property Co. acquired a land parcel in Guangzhou for residential development.
  • The acquisition enhances Yuexiu’s strategic position in Guangzhou with strong transport links.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yuexiu Property Expands Land Bank with Strategic Guangzhou Acquisition

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Yuexiu Property Co ( (HK:0123) ) has shared an announcement.

Yuexiu Property Co. has successfully acquired a land parcel in the Dashi Subdistrict, Panyu District, Guangzhou, for RMB1,194,000,000 through an open tender. This acquisition, intended for residential development, is strategically located within a vibrant community with excellent transportation links and nearby facilities, enhancing Yuexiu’s land bank and consolidating its strategic position in Guangzhou.

The most recent analyst rating on (HK:0123) stock is a Buy with a HK$5.83 price target. To see the full list of analyst forecasts on Yuexiu Property Co stock, see the HK:0123 Stock Forecast page.

More about Yuexiu Property Co

Yuexiu Property Co. is a prominent real estate company based in Hong Kong, primarily engaged in property development, management, and investment. The company focuses on residential, commercial, and infrastructure projects, with a significant market presence in Guangzhou and other key Chinese cities.

Average Trading Volume: 13,499,565

Current Market Cap: HK$18.92B

Find detailed analytics on 0123 stock on TipRanks’ Stock Analysis page.

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