Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Yuexiu Property Co ( (HK:0123) ) is now available.
Yuexiu Property Co has secured a new 20-year lease, effective 26 January 2026, for properties used in its elderly-care and medical services business by having its subsidiary Guangzhou Weimin enter into a lease agreement with connected party Guangzhou Lingxiu on more favourable terms. To consolidate these arrangements, the group has terminated two earlier lease agreements, with no penalties payable, resulting in a reclassification of right-of-use assets under HKFRS 16 that will be treated as both an acquisition and a disposal of assets under Hong Kong listing rules; as the transactions involve connected persons but fall below the 5% threshold, they require reporting and announcement but are exempt from independent shareholders’ approval, and an independent financial adviser has been appointed to justify the unusually long lease term as normal business practice for this type of agreement.
The most recent analyst rating on (HK:0123) stock is a Hold with a HK$4.50 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 Hong Kong–incorporated real estate group with operations that include elderly-care and medical services, leveraging its property assets to provide long-term care and related healthcare facilities in mainland China.
Average Trading Volume: 9,842,463
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$17.04B
For detailed information about 0123 stock, go to TipRanks’ Stock Analysis page.