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China Jinmao Holdings Group Limited ( (HK:0817) ) has issued an update.
China Jinmao Holdings Group Limited, through its indirect wholly-owned subsidiary Xi’an Shunmao, has announced the acquisition of a 49% equity interest in Xi’an Changmao from Jiaxing Tangmao for approximately RMB1,686.74 million. This transaction will result in Xi’an Changmao becoming an indirect wholly-owned subsidiary of China Jinmao Holdings, enhancing the company’s control and potentially its strategic positioning in the market.
More about China Jinmao Holdings Group Limited
YTD Price Performance: 13.27%
Average Trading Volume: 36,085,260
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$14.99B
For an in-depth examination of 0817 stock, go to TipRanks’ Stock Analysis page.
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