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China Jinmao Holdings Group Limited ( (HK:0817) ) has shared an update.
China Jinmao Holdings Group Limited announced that its indirect non-wholly-owned subsidiary, Beijing Zhaoxing, has entered into a Framework Agreement to provide loans to its shareholders, Fangxing Yicheng, Shanghai C&D, and Fuzhou Yucheng. The loans will be distributed in proportion to their shareholding ratios and under the same terms and conditions. This transaction is deemed discloseable under Hong Kong’s Listing Rules due to the percentage ratios involved, highlighting the company’s strategic financial maneuvers to support its subsidiaries and maintain operational stability.
The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.90 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 with limited liability, primarily involved in real estate development and investment. The company focuses on urban development and property management, leveraging its strategic partnerships and subsidiaries to enhance its market presence.
Average Trading Volume: 54,426,252
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.34B
Find detailed analytics on 0817 stock on TipRanks’ Stock Analysis page.