China Jinmao Expands Real Estate Holdings with Strategic Capital Increase

China Jinmao Holdings Group Limited ( (HK:0817) ) has shared an update.

China Jinmao Holdings Group Limited announced a significant transaction involving the capital increase in its indirect subsidiary, Beijing Ximao. The transaction involves Jiaxing Chengmao, Yangzhou Xida, and Qingdao Yuanpu contributing substantial capital to Beijing Ximao, alongside Beijing Yicheng, to develop a target land parcel. This move will result in Beijing Ximao becoming an indirect non-wholly owned subsidiary of China Jinmao, with the company holding a 40% equity interest. The transaction is considered discloseable under the Hong Kong Stock Exchange rules, reflecting the company’s strategic efforts to expand its real estate development capabilities and strengthen its industry position.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.55 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 company incorporated in Hong Kong, primarily engaged in real estate development and management. The company focuses on urban development projects and operates within the real estate industry, aiming to enhance its market presence through strategic partnerships and investments.

Average Trading Volume: 51,126,989

Technical Sentiment Signal: Hold

Current Market Cap: HK$14.45B

For a thorough assessment of 0817 stock, go to TipRanks’ Stock Analysis page.