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The latest update is out from South China Holdings Company Limited ( (HK:0413) ).
South China Holdings Company Limited has announced a discloseable transaction involving the disposal of land use rights for two industrial land sites in Dongguan City, Guangdong Province, China. The transaction, valued at RMB42,624,000, was agreed upon between the company’s wholly-owned subsidiary and the purchaser. The valuation of the land was determined through arm’s length negotiations, taking into account the unique status of the property and its current idle state. This disposal is expected to impact the company’s financials as it aligns with the company’s strategic decisions regarding asset management.
More about South China Holdings Company Limited
YTD Price Performance: -21.05%
Average Trading Volume: 4,437,846
Technical Sentiment Signal: Sell
Current Market Cap: HK$389.5M
For a thorough assessment of 0413 stock, go to TipRanks’ Stock Analysis page.