China Jinmao Strengthens Holdings with Strategic Acquisition

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

China Jinmao Holdings Group Limited has exercised its Right of First Refusal to acquire a 69.95% interest in Shanghai Congmao for RMB966 million. This strategic move solidifies Jin Mao Group’s control over the partnership, utilizing internal resources to fund the acquisition. Investors may find this transaction significant as it enhances the company’s asset base and potential market influence.

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