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China Jinmao Holdings Group Limited ( (HK:0817) ) has provided an update.
China Jinmao Holdings Group Limited announced that its indirect non-wholly owned subsidiary, Beijing Ximao, has entered into a Framework Agreement to provide loans to its shareholders based on their shareholding ratios. This transaction, which involves substantial shareholders but does not constitute a connected transaction, is considered disclosable under the Listing Rules due to the applicable percentage ratios. The agreement outlines that loans will be provided on the same terms and conditions, with interest rates tied to the National Interbank Funding Center’s loan prime rate, and allows for early repayment requests by Beijing Ximao.
The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.55 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a company incorporated in Hong Kong, operating within the real estate industry. It focuses on property development and investment, with a market focus on urban development and management.
Average Trading Volume: 47,330,336
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.26B
Find detailed analytics on 0817 stock on TipRanks’ Stock Analysis page.