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Asia Resources Holdings Limited ( (HK:0899) ) has provided an announcement.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, announced an update regarding its substantial acquisition of refund properties. The company has accepted a cash refund of RMB 16 million from the vendor, which includes a partial refund of the deposit and compensation for a late refund. This decision was made in light of the current adverse market environment, particularly in the Chinese property market, and the company’s strategy not to hold refund properties long-term. Completion of the cash refund occurred on May 15, 2025, and the company has received six properties, with other properties and parking spaces still pending delivery.
More about Asia Resources Holdings Limited
Average Trading Volume: 2,330,266
Technical Sentiment Signal: Sell
Current Market Cap: HK$130.1M
Learn more about 0899 stock on TipRanks’ Stock Analysis page.