Soho China rises 5% to implement Qianmen project to eliminate uncertainties
Source: Internet
Author: User
KeywordsHong Kong dollar front door RMB
Soho China, which surged nearly 12% in Friday and hit a new high of HK $4.7 a year, continued to shake the market this morning, with shares now soaring 4.95% to 4.88 Hong Kong dollars, closing 9.0115 million shares. The company announced that it would buy 54,691 square metres of commercial and retail properties in the Qianmen project with RMB 1.77 billion, but the plan to buy 134,333 square metres of land at 5.25 billion yuan was not approved. However, although the scale of the project was reduced, the purchase price was reduced from $39,000 per square metre to $32,000, and the uncertainties of the development plan were eliminated after the long-awaited front door project was finalized, or the market could still be understood as good news.
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