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Asia Resources Holdings Limited ( (HK:0899) ) has provided an update.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, has announced the completion of a substantial acquisition involving the transfer of 49 freehold car parking spaces valued at RMB 11,698,315. This transaction is part of a larger Refund Package, where the company is replacing civil air defense parking spaces with freehold ones due to market uncertainties and risks in the PRC property market. The completion of this transfer marks a significant step in the company’s strategic adjustments to its property holdings, with further acquisitions pending.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
More about Asia Resources Holdings Limited
Average Trading Volume: 404,215
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$79.68M
For an in-depth examination of 0899 stock, go to TipRanks’ Overview page.