Stock Track | Chinese Estates Holdings Surges 5.79% on Disposal of Subsidiary

Stock Track08-15

Shares of Chinese Estates Holdings Ltd (00127), a Hong Kong-based property investment and development company, soared 5.79% during intraday trading on August 15th. The stock's significant surge was likely driven by the company's announcement of a major transaction involving the disposal of its subsidiary, State Smart Ltd.

According to the announcement, Chinese Estates Holdings has agreed to sell State Smart Ltd to Oval Gymkhana Holdco Limited for a consideration of GBP125.4 million (approximately HK$1.02 billion). The disposal is expected to generate net sale proceeds of around HK$1.018 billion for the company.

While the details of State Smart Ltd's business and its significance within the Chinese Estates Holdings group were not disclosed, the substantial sale proceeds could potentially be viewed positively by investors. The company may use the proceeds to strengthen its financial position, fund future investments, or pursue other strategic initiatives.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1188028531?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-15 09:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1188028531","market":"us","top_or_hot":-1,"title":"Stock Track | Chinese Estates Holdings Surges 5.79% on Disposal of Subsidiary","media":"Stock Track","content":"<p>Shares of Chinese Estates Holdings Ltd (00127), a Hong Kong-based property investment and development company, soared 5.79% during intraday trading on August 15th. The stock's significant surge was likely driven by the company's announcement of a major transaction involving the disposal of its subsidiary, State Smart Ltd.</p>\n\n<p>According to the announcement, Chinese Estates Holdings has agreed to sell State Smart Ltd to Oval Gymkhana Holdco Limited for a consideration of GBP125.4 million (approximately HK$1.02 billion). The disposal is expected to generate net sale proceeds of around HK$1.018 billion for the company.</p>\n\n<p>While the details of State Smart Ltd's business and its significance within the Chinese Estates Holdings group were not disclosed, the substantial sale proceeds could potentially be viewed positively by investors. The company may use the proceeds to strengthen its financial position, fund future investments, or pursue other strategic initiatives.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Chinese Estates Holdings Surges 5.79% on Disposal of Subsidiary</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Chinese Estates Holdings Surges 5.79% on Disposal of Subsidiary\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-15 09:44 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Chinese Estates Holdings Ltd (00127), a Hong Kong-based property investment and development company, soared 5.79% during intraday trading on August 15th. The stock's significant surge was ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00127","symbol_name":"华人置业","start_time":0,"source_url":"","article_id":"1188028531","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188028531","pubTimestamp":1723686269,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese Estates Holdings Ltd , a Hong Kong-based property investment and development company, soared 5.79% during intraday trading on August 15th. The stock's significant surge was likely driven by the company's announcement of a major transaction involving the disposal of its subsidiary, State Smart Ltd.According to the announcement, Chinese Estates Holdings has agreed to sell State Smart Ltd to Oval Gymkhana Holdco Limited for a consideration of GBP125.4 million . The disposal is exp","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00127":"华人置业"},"translate_title":"股票赛道华人置业出售子公司股价飙升5.79%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00127":1},"content_text":"Shares of Chinese Estates Holdings Ltd (00127), a Hong Kong-based property investment and development company, soared 5.79% during intraday trading on August 15th. The stock's significant surge was likely driven by the company's announcement of a major transaction involving the disposal of its subsidiary, State Smart Ltd.\nAccording to the announcement, Chinese Estates Holdings has agreed to sell State Smart Ltd to Oval Gymkhana Holdco Limited for a consideration of GBP125.4 million (approximately HK$1.02 billion). The disposal is expected to generate net sale proceeds of around HK$1.018 billion for the company.\nWhile the details of State Smart Ltd's business and its significance within the Chinese Estates Holdings group were not disclosed, the substantial sale proceeds could potentially be viewed positively by investors. The company may use the proceeds to strengthen its financial position, fund future investments, or pursue other strategic initiatives.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188028531"}