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Zhuhai Huafa Properties Unit Completes Privatization of Huafa Property Services
Improved Earnings Required Before Zhuhai Huafa Properties Co.,Ltd (SHSE:600325) Stock's 30% Jump Looks Justified
Zhuhai Huafa Properties (600325.SH): Privatization of Huafa PPT Ser completed.
On September 27, Gelunhui reported that Zhuhai Huafa Properties (600325.SH) announced that its overseas wholly-owned subsidiary, Huajin Investment, has privatized Huafa PPT Ser through an agreement arrangement. The relevant proposal has been approved by the court meeting of Huafa PPT Ser held on August 28, 2024 (i.e. the shareholder meeting convened by Huafa PPT Ser in accordance with the directive of the Supreme Court of Bermuda) and the extraordinary general meeting of shareholders. As of the date of this announcement, all conditions of the plan have been met and it became effective on September 26, 2024 (Bermuda time). It is expected that from 4 pm on September 30, 2024, Huafa PPT Ser will cancel its listing in Hong Kong.
Zhongtai Securities: The property bullish policy will continue to be introduced, bullish on the sector's performance in the fourth quarter.
zhongtai Securities released research reports stating that recently, real estate high-frequency data has continued to decline, weakening even compared to August in the peak season. In the short term, the industry's fundamentals are difficult to bottom out, but looking ahead to the fourth quarter, there is a high probability of continued bullish policies related to real estate being introduced. zhongtai Securities remains bullish on the performance of the real estate sector in the fourth quarter.
Zhuhai Huafa Properties (600325.SH): Not invested in Wenyuan Zhixing.
On September 26, Gelunhui reported that Zhuhai Huafa Properties (600325.SH) stated on the interactive platform that the company did not invest in Wenyuan Zhihang.
zhuhai huafa properties (600325.SH): The company has achieved partial transfer of three projects in Changsha, resulting in overall profitability.
Gelonghui September 26 | Zhuhai Huafa Properties (600325.SH) stated on the interactive platform that three parts of the project in Changsha have already achieved partial transfer and overall profitability. The Changsha Huafa Siji Yunxi and other projects you mentioned are currently in the sales phase and have not been delivered for transfer. The company will promote project inventory reduction through diversified marketing channels.
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