China Jinmao Holdings Group Limited (HK:0817) has released an update.
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China Jinmao Holdings Group Limited is set to increase its equity stake in Jinan Lumao from 27.5% to 37.93% following the acquisition of equity interests and loans from Shenzhen Shengqiu for over RMB100 million. This move, involving subsidiaries Shandong Jiexing and Jin Mao Northern, is classified as a connected transaction under Hong Kong’s listing rules due to Shenzhen Shengqiu’s affiliation with Ping An, a significant shareholder in China Jinmao.
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