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China Overseas Land & Investment ( (HK:0688) ) has issued an announcement.
China Overseas Land & Investment has renewed its agreement with China State Construction Engineering Corporation Limited (CSCECL) for a three-year term starting July 2025. This New Master Engagement Agreement allows CSCECL to participate in tenders for construction-related services in the PRC, with the transactions classified as continuing connected transactions. The agreement is subject to annual review and reporting requirements but does not require independent shareholders’ approval. The financial impact of these transactions is not directly tied to the company’s performance, as engagements are open to third-party contractors.
The most recent analyst rating on (HK:0688) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on China Overseas Land & Investment stock, see the HK:0688 Stock Forecast page.
More about China Overseas Land & Investment
China Overseas Land & Investment is a company incorporated in Hong Kong, primarily engaged in construction-related services within the People’s Republic of China (PRC). It operates in the real estate and construction industry, focusing on competitive tenders for construction services.
Average Trading Volume: 30,405,676
Technical Sentiment Signal: Buy
Current Market Cap: HK$149.9B
See more insights into 0688 stock on TipRanks’ Stock Analysis page.