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Asia Resources Holdings Limited ( (HK:0899) ) has issued an update.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, has announced a supplemental agreement regarding a very substantial acquisition related to refund properties. Due to financial difficulties faced by property developers in China, the company negotiated with the vendor to accept a refund package, which includes properties and compensation, instead of the original property acquisition. This strategic move aims to protect the company’s interests and recover investments, potentially impacting its operations and market positioning.
More about Asia Resources Holdings Limited
YTD Price Performance: 43.33%
Average Trading Volume: 1,380,306
Technical Sentiment Signal: Hold
Current Market Cap: HK$169.5M
For a thorough assessment of 0899 stock, go to TipRanks’ Stock Analysis page.