Coastal Greenland Keeps Investors Waiting as Takeover Talks Remain Ongoing
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Coastal Greenland Limited (HK:1124) is in ongoing negotiations for a potential sale of 153,126,197 shares and a shareholder loan, but no formal agreement has been reached. The board warns that the outcome remains uncertain and may impact ownership and strategic direction. Shareholders are advised to exercise caution. The latest analyst rating for the stock is a Hold with a price target of HK$0.20. Coastal Greenland operates in the property development sector in mainland China and is listed on the Hong Kong Stock Exchange.
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