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Asia Resources Holdings Limited ( (HK:0899) ) has shared an announcement.
Zhong Jia Guo Xin Holdings Company Limited announced a supplemental update regarding the disposal of its wholly-owned subsidiaries, which are primarily investment holding companies. The principal asset involved is a property held by King Lotus Limited, valued at approximately HK$18.959 million. The decision to proceed with the disposal was influenced by the market value of the property, the net liability position of the Target Group, and commercial negotiations. The Board believes the terms are fair and in the best interest of the company and its shareholders.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
More about Asia Resources Holdings Limited
Average Trading Volume: 520,696
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$32.64M
For a thorough assessment of 0899 stock, go to TipRanks’ Stock Analysis page.