HK Stock Market Move | ONEWO (02602) rose by over 6% during trading, with the proportion of related transactions steadily decreasing. The company announced the full acquisition of Zhongzhou Property.

ONEWO (02602) rose more than 6% intraday, rising 5.67% to HK$20.5 at the time of writing, with a turnover of HK$89.7151 million. On the news front, on January 3rd, ONEWO announced the acquisition of 100% equity of Zhongzhou Property, with a transaction price of approximately RMB 227 million, involving 44 residential projects under Zhongzhou Property, including 37 projects under management and 7 projects not yet under management. In addition, on December 30, 2024, the company entered into a series of debt repayment agreements with its controlling shareholder CHINA VANKE, by transferring properties or parking spaces to settle certain payables of CHINA VANKE's affiliated companies and related parties. Haitong released a research report stating that the proportion of related transactions of ONEWO continues to decrease, and the balance of receivables from related parties is lower than in 2023. The bank pointed out that with the continuous expansion of the company's business scale, the future proportion of related transactions is expected to gradually decrease. Considering ONEWO's current development scale and industry development trends, the stability of the company is expected to continue to strengthen. With the company's strong cash flow and potential for dividends, along with the gradual resolution of related transaction issues, the future valuation space of the enterprise is expected to be gradually opened up.