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The latest announcement is out from Yuexiu Property Co ( (HK:0123) ).
Yuexiu Property Co has agreed to dispose of several assets and businesses, including Nansha IFC, Yungu Industrial Park, Zhigu Industrial Park, Bijie Hotel and various healthcare, nursing and elderly care operations, through conditional equity transfers of the holding target companies to entities connected with its ultimate controlling shareholder. Following completion, Yuexiu will cease to hold any interest in these target companies and their properties, and their financial results will no longer be consolidated into the group, marking a notable streamlining of its portfolio and a shift in its asset mix.
Because the highest applicable percentage ratio of the disposal exceeds 25% but is less than 75%, the deal constitutes a major and connected transaction under Hong Kong listing rules and requires reporting, announcement and independent shareholders’ approval at an extraordinary general meeting. An independent board committee and an independent financial adviser, Somerley, have been appointed to assess the fairness of the transfer terms, and a detailed circular with valuation reports and recommendations is scheduled to be sent to shareholders on or before 26 May 2026.
The most recent analyst rating on (HK:0123) stock is a Buy with a HK$5.23 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 property company engaged in owning, developing and operating real estate and related assets in mainland China. Its portfolio includes commercial complexes, industrial parks, hotels and healthcare, nursing and elderly care facilities, with a focus on urban and industrial property projects in Guangzhou and other Chinese cities.
Average Trading Volume: 9,929,337
Technical Sentiment Signal: Sell
Current Market Cap: HK$15.51B
Learn more about 0123 stock on TipRanks’ Stock Analysis page.