'Property Market to Pick up Next Year'

RTHKDec 19 17:08

Morgan Stanley: Assigns SJM HOLDINGS a "Shareholding" rating, Target Price 2.25 HKD.

Morgan Stanley published a research report stating that earlier SHUN TAK HOLD (00242) and SJM HOLDINGS (00880) announced a memorandum of understanding, in which SHUN TAK HOLD plans to sell its Hengqin property to SJM HOLDINGS for 0.546 billion yuan (approximately 0.584 billion HKD). SJM HOLDINGS has a Target Price of 2.25 HKD with a rating of 'Shareholding'. The report指出 (indicates) that these actions are strategically significant but have limited short-term effects. The company plans to convert the space into a three-star hotel, and the bank expects it to have 300 rooms, each with an area of 500 square feet, which means each room would be priced at 2 million yuan, but it still needs 18 more.

Sina Hong Kong StockDec 13 18:05

Austrian (00880.HK) subsidiary plans to acquire Shinde (00242.HK) Hengqin property to convert into a hotel, involving over 0.58 billion yuan.

SHUN TAK HOLD (00242.HK) announced that it has signed a memorandum of understanding with SJM HOLDINGS (00880.HK) subsidiary SJM Investments to sell several office units and a retail unit located in the Shun Tak Port Business Center in Hengqin New Area, Zhuhai. SJM Investments plans to transform the property into a three-star hotel, with the renovation project to be carried out by SHUN TAK. The total cash consideration for the acquisition and renovation is 0.546 billion yuan (approximately 0.584 billion HKD).

AASTOCKSDec 12 01:20

SHUN TAK HOLD (00242): Plans to sell the property in Hengqin New District, Zhuhai.

SHUN TAK HOLD (00242) announced that on December 11, 2024, the company's wholly-owned subsidiary Zhuhai Heng...

Zhitong FinanceDec 11 20:09

Shun Tak Holdings to Provide Additional Loan of Up to HK$108 Million to Subsidiary's JV

MT NewswiresDec 10 20:40

SHUN TAK HOLD (00242.HK) provides additional shareholder loans of up to 0.108 billion HKD to a joint venture.

On December 10, GELONGHUI announced that SHUN TAK HOLD (00242.HK) had made a statement regarding the establishment of a joint venture company between APIL (the company's indirectly wholly-owned subsidiary) and its joint venture partner (Nextor Holdings Limited) for the purpose of holding and operating the property, as well as providing past loans to raise operating funds for the joint venture company. After providing past loans, in order to finance the working capital needs of the joint venture company, the company approved this commitment on December 10, 2024, to provide up to 0.108 billion Hong Kong dollars in additional shareholder loans through APIL in proportion to its equity stake in the joint venture company. This is in line with the terms of the past loans.

Gelonghui FinanceDec 10 17:56