Hung Shui Kiu Area Stake Attributable to 6 Firms as to About 17% Each
AASTOCKS News·- The HSK New Development consortium won the Hung Shui Kiu area project for HKD 1.03 billion, with a total investment of HKD 16.8 billion. - Six enterprises form the consortium, where CHINA OVERSEAS, CHI MER LAND, CHINA RES LAND, JD-SW, and SINO LAND each hold a 17 percent equity interest, and China Tourism Group holds the remaining 15 percent. - Capital commitments and the distribution of profits or losses are determined proportionally based on the respective equity interests of each joint venture partner.JPM Ratings, TPs on CN Property Developers and Managers (Table)
AASTOCKS News·- JPMorgan released a research report detailing investment ratings and target prices for various Chinese property developers and property managers. - State-owned enterprise developers like CHINA RES LAND and CHINA OVERSEAS received Overweight ratings with target prices of HKD 44 and HKD 19.5 respectively. - Financially stressed developers including CHINA VANKE and COUNTRY GARDEN were rated Underweight with lowered target prices.