China Jinmao Clarifies Ownership of HR Services Partner in Connected Transactions

China Jinmao Holdings Group Limited ( (HK:0817) ) has provided an announcement.

China Jinmao Holdings Group has issued a supplemental announcement clarifying the ownership structure of Sinochem Fangsheng, the human resources management services provider engaged under its Human Resources Services Framework Agreement for continuing connected transactions. Sinochem Fangsheng is 49% owned by Sinochem Petroleum, an indirect non-wholly owned subsidiary of Jinmao’s ultimate controlling shareholder Sinochem Holdings, and 51% owned by Beijing Foreign Enterprise Human Resources Services Co., Ltd., which is wholly owned by Shanghai-listed Fesco Group, itself backed by Beijing’s state-owned capital operation arm. The disclosure, which leaves all other terms of the previously announced framework unchanged, is aimed at enhancing transparency around the identity of the ultimate beneficial owners involved in the connected transactions, giving investors clearer visibility into the company’s related-party arrangements and governance context.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 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 is a Hong Kong–incorporated company ultimately controlled by Sinochem Holdings, with its shares listed on the Stock Exchange of Hong Kong. The group operates within the broader Sinochem conglomerate ecosystem and engages in connected transactions with related parties for services that support its operations, including human resources management.

Average Trading Volume: 28,472,352

Technical Sentiment Signal: Sell

Current Market Cap: HK$16.62B

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