China Jinmao Holdings Group Limited (HK:0817) has released an update.
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China Jinmao Holdings Group Limited has announced the completion of a major transaction involving the sale of 100% equity interest in Jin Mao Sanya to Hainan Lichi Consulting Company Limited for RMB1,848.88 million. This deal, following a public tender process at CBEX, marks a significant shift as Jin Mao Sanya will no longer be a subsidiary of the company. The payment will be made in cash, adhering to the specified agreements, and highlights a strategic move within the company’s asset management strategy.
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