Rimbaco Group Announces Land Disposal in Pulau Pinang
Rimbaco Group Global Limited announced the sale of two vacant lands in Bandar Jelutong, Pulau Pinang, for RM11,450,000. This transaction is classified as a discloseable transaction under Listing Rules, reflecting current market conditions and potentially impacting the company's investment property portfolio. The latest analyst rating for Rimbaco Group's stock (HK:1953) is Hold with a HK$0.50 price target.
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Rimbaco Group Global Limited ( (HK:1953) ) has provided an update.
Rimbaco Group Global Limited has entered into an agreement to sell two pieces of vacant and undeveloped lands located in Bandar Jelutong, Pulau Pinang, for RM11,450,000. This transaction, classified as a discloseable transaction under the Listing Rules, was negotiated at arm’s length and reflects the current market conditions, potentially impacting the company’s investment property portfolio.
The most recent analyst rating on (HK:1953) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Rimbaco Group Global Limited stock, see the HK:1953 Stock Forecast page.
More about Rimbaco Group Global Limited
Average Trading Volume: 2,792,233
Technical Sentiment Signal: Buy
Current Market Cap: HK$245.7M
