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Hanison Construction Holdings ( (HK:0896) ) has shared an announcement.
Hanison Construction Holdings Limited has announced the disposal of its entire share capital in the Target Company, which holds a property operated as a hotel known as ‘The Connaught’ located at No. 138 Connaught Road West, Hong Kong. The sale, valued at HK$410 million, is part of a strategic review aimed at maximizing shareholder returns by unlocking the property’s value in the current market environment. The transaction is expected to result in a loss of approximately HK$177 million for the Group, and its completion is contingent upon fulfilling certain conditions precedent.
The most recent analyst rating on (HK:0896) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hanison Construction Holdings stock, see the HK:0896 Stock Forecast page.
More about Hanison Construction Holdings
Hanison Construction Holdings Limited is a company incorporated in the Cayman Islands with limited liability, and its shares are listed on the main board of the Stock Exchange of Hong Kong. The company operates in the construction industry, focusing on property development and investment.
Average Trading Volume: 215,398
Technical Sentiment Signal: Sell
Current Market Cap: HK$284.4M
For a thorough assessment of 0896 stock, go to TipRanks’ Stock Analysis page.