China Jinmao Holdings Group Limited (HK:0817) has released an update.
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China Jinmao Holdings Group Limited has announced a significant discount acquisition of a 10.43% equity stake in Jinan Lumao. The transaction, valued at approximately RMB37.93 million, represents a 38.1% discount from the reference value. This move is part of Jinmao’s strategic efforts to strengthen its investment portfolio.
For further insights into HK:0817 stock, check out TipRanks’ Stock Analysis page.