CIFI Holdings (Group) Co ( (HK:0884) ) just unveiled an update.
CIFI Holdings has announced a discloseable transaction involving the sale of its entire interest in a target company that owns land in Chongqing, China, for RMB358,000,000. This transaction, which involves an intra-group restructuring to transfer assets and liabilities to the target company, allows CIFI Holdings to divest from the target site, impacting its real estate portfolio and potentially influencing its market positioning.
More about CIFI Holdings (Group) Co
CIFI Holdings (Group) Co. Ltd. is a company incorporated in the Cayman Islands, primarily involved in real estate development. The company focuses on owning and developing land parcels, with a significant presence in the property market in China.
Average Trading Volume: 1,000
Technical Sentiment Signal: Buy
Current Market Cap: $1.01B
For detailed information about 0884 stock, go to TipRanks’ Stock Analysis page.