China Jinmao Holdings Group Limited ( (HK:0817) ) has shared an announcement.
China Jinmao Holdings Group Limited has announced the acquisition of a 36% equity interest in Beijing Zhaoxing by its indirect wholly-owned subsidiary, Beijing Yicheng. This transaction, valued at approximately RMB933 million, is part of a joint development agreement with C&D Shenggao and Fuzhou Yucheng, aimed at developing a land parcel. Upon completion, Beijing Zhaoxing will become an indirect non-wholly-owned subsidiary of China Jinmao, potentially strengthening its market position and expanding its real estate holdings.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited operates in the real estate industry, focusing on property development and investment. The company is involved in urban development and has a market focus on enhancing its real estate portfolio through strategic acquisitions and partnerships.
YTD Price Performance: 20.41%
Average Trading Volume: 51,544,871
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.07B
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