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An update from Yuexiu Property Co ( (HK:0123) ) is now available.
Yuexiu Property Co has announced a significant transaction involving the sale of 65% equity interests in a subsidiary, referred to as the Target Company, for RMB4,148,697,000. This transaction was conducted through a public tender on the Shanghai United Assets and Equity Exchange, adhering to regulations for the disposal of state-owned assets in China. The sale will result in Yuexiu Property Co reducing its indirect holding in the Target Company to approximately 34.87%, thereby ceasing its status as a subsidiary. This move is part of the company’s strategic adjustments, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:0123) stock is a Buy with a HK$6.53 price target. To see the full list of analyst forecasts on Yuexiu Property Co stock, see the HK:0123 Stock Forecast page.
More about Yuexiu Property Co
Average Trading Volume: 16,939,378
Current Market Cap: HK$18.44B
Find detailed analytics on 0123 stock on TipRanks’ Stock Analysis page.