HK Stock Market Move | GD LAND (00124) fell more than 8% again, with the stock price halved within the month. GUANGDONG INV recently completed the physical distribution of GD LAND shares.

GD LAND (00124) fell more than 8% again, hitting a low of HK$0.144 during trading, with the stock price halved for the month. As of the time of writing, it has fallen 7.55% to HK$0.147 with a trading volume of HK$9.4914 million. On the news front, GUANGDONG INV has completed the physical distribution of GD LAND shares on January 21, 2025. It is reported that GUANGDONG INV previously proposed to distribute special dividends to shareholders in the form of GD LAND shares, involving the distribution of 1.261 billion shares, accounting for approximately 73.72% of GD LAND's share capital. After the distribution is completed, GD LAND will no longer be a subsidiary of GUANGDONG INV, and its financial performance will no longer be consolidated into GUANGDONG INV's financial statements. Through this distribution, major shareholder Guangdong Holdings will continue to hold 58.26% of GUANGDONG INV's equity unchanged, while GUANGDONG INV will no longer hold shares of GD LAND, and GD LAND will become a sister company of the company.