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Yuexiu Property Co ( (HK:0123) ) has provided an update.
Yuexiu Property Co has entered into a HK$600 million loan facility agreement with a bank, which is set for a term of 12 months. The agreement includes conditions that could trigger an event of default if the controlling shareholder, Yue Xiu Enterprises, reduces its stake below 30% or loses management control, potentially impacting the company’s financial stability.
The most recent analyst rating on (HK:0123) stock is a Hold with a HK$5.00 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 real estate company based in Hong Kong, primarily engaged in property development and investment. The company focuses on residential, commercial, and infrastructure projects, catering to a diverse market in the region.
Average Trading Volume: 13,338,588
Technical Sentiment Signal: Sell
Current Market Cap: HK$18.04B
Find detailed analytics on 0123 stock on TipRanks’ Stock Analysis page.