An update from Shui On Land ( (HK:0272) ) is now available.
Shui On Land Limited announced that Guotai Junan has exercised its put option to sell its entire equity interest in a joint venture company to Sheng Pu for RMB31 million. This transaction will increase Sheng Pu’s stake in the joint venture from 49% to 80%, impacting the company’s investment portfolio and potentially strengthening its market position.
More about Shui On Land
Shui On Land Limited is a real estate development company incorporated in the Cayman Islands. It focuses on property development, property investment, and construction management, primarily operating in the Chinese market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $721M
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