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China Jinmao Holdings Group Limited ( (HK:0817) ) has issued an update.
China Jinmao Holdings Group Limited has announced its intention to sell its 100% equity interest in Jin Mao Sanya Tourism Co., Ltd., which owns The Ritz-Carlton Sanya Yalong Bay, for asset securitization purposes. The sale, listed on the China Beijing Equity Exchange with a minimum bid of RMB2,264.60 million, is expected to be a discloseable transaction under Hong Kong’s listing rules, reflecting the company’s strategic move to optimize its asset portfolio.
The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited operates in the real estate industry, focusing on property development and management. The company is known for its investments in high-end hotels and tourism properties, with a market focus on asset securitization and strategic disposals.
Average Trading Volume: 34,250,533
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.32B
See more insights into 0817 stock on TipRanks’ Stock Analysis page.