China Overseas Land & Investment (HK:0688) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
China Overseas Land & Investment, through its subsidiary CODG, successfully acquired land use rights in Shenzhen in partnership with Shenzhen Runtou for approximately RMB18,512 million. The acquisition aligns with the company’s strategic objectives in property development, with plans to develop the land for residential, commercial, and infrastructure purposes. This move is seen as a significant step in enhancing the company’s market presence and long-term growth prospects.
For further insights into HK:0688 stock, check out TipRanks’ Stock Analysis page.
