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greentown ser (02869.HK) reduces shareholding in australian education business, earning 82.1 million RMB.
greentown ser (02869.HK) announced a recommendation to sell MAG equity for a total price of 31.2 million australian dollars. The estimated profit from the sale is about 82.1 million RMB. After completion, the company's stake in MAG will decrease from 53.9% to 35%. The latter provides education and childcare services as well as daily teaching, currently operating more than 55 daycare centers in australia.
Greentown ser (02869.HK) is planning to sell 16.2 million australian dollars of 11.64% of MAG's share capital.
On November 8, Geelong Hui announced that on November 8, 2024, the seller Greentown Ser (02869.HK) signed a share sales contract with the buyer Montessori Academy Pty Ltd (as the trustee of the Montessori Academy trust) through its indirect wholly owned subsidiary, Greentown Education Investment Co. Ltd, whereby the seller agrees to sell and the buyer agrees to purchase the selling shares, equivalent to approximately 11.64% of the issued share capital of MAG, for a price of 1.
HSBC Research's investment rating and target price for residential and property management stocks (Table)
HSBC Research released a research report on the investment ratings and target prices of internal housing and property management stocks as follows: Stock | Investment Rating | Target Price Agile Group (03383.HK) | Hold | HK$0.7 C&D Intl Group (01908.HK) | Buy | HK$21.1 China Overseas (00688.HK) | Buy | HK$19.4 China Res Land (01109.HK) | Buy | HK$35.6 China Vanke (02202.HK) | Hold | HK$8 Sunlight REIT (00884.
HSBC Research: China Evergrande domestic debt restructuring positive news may boost market risk appetite and set a precedent for the industry.
HSBC Research published a research report stating that sunac (01918.HK) is promoting domestic debt restructuring. It is reported that the company plans to provide four options to creditors for the domestic bond restructuring plan in order to reduce the size of the domestic bonds by about half, reducing about 15.5 billion yuan RMB. It is believed that the bullish news can enhance market risk appetite. The bank pointed out that financially troubled domestic property developers continue to face tight liquidity issues after the first round of debt restructuring, mainly due to a decrease in contracted sales amounts. The key to the success of future rounds of debt restructuring by domestic property developers lies in whether they can effectively reduce existing debt burdens. It is believed that this time, sunac will
Express News | Fangzheng Securities: The real estate sector continues to rebound with a solid foundation and logic.
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
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