China Jinmao Holdings Group Limited (HK:0817) has released an update.
China Jinmao Holdings Group Limited has exercised its right of first refusal to potentially purchase asset-backed securities or underlying assets from Huafu Securities for RMB966 million, a move aimed at supporting the company’s operations and business expansion. This transaction is significant enough to warrant disclosure as it surpasses the 5% threshold of the applicable percentage ratios, yet remains below 25%, as per the Listing Rules. The final determination of the exercise subject, whether it be the asset-backed securities or the underlying assets, will undergo assessment and filing with the relevant state-owned assets supervision department.
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