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Asia Resources Holdings Limited ( (HK:0899) ) has provided an update.
Zhong Jia Guo Xin Holdings has issued an update on a previously announced very substantial disposal involving a target company, confirming that completion is now scheduled to take place on or before 31 December 2025 under a supplemental agreement. As of the announcement date, the purchaser has not paid the remaining balance of the consideration and the disposal remains incomplete, giving the company the contractual right to forfeit the deposit and further deposit. Against the backdrop of challenging property market conditions in China, the company says it will continue negotiations with the purchaser to complete the transaction and is currently seeking legal advice, signalling ongoing uncertainty over the timing and outcome of the deal and its potential impact on the company’s balance sheet and strategic repositioning.
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
Zhong Jia Guo Xin Holdings Company Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange (Stock Code: 899). While this announcement does not detail its specific business lines, the group operates in China and holds property-related assets that are material enough for their disposal to constitute a very substantial transaction under Hong Kong listing rules.
Average Trading Volume: 366,967
Technical Sentiment Signal: Sell
Current Market Cap: HK$86.81M
For an in-depth examination of 0899 stock, go to TipRanks’ Overview page.