China Jinmao Holdings Group Limited ( (HK:0817) ) has provided an update.
China Jinmao Holdings Group Limited announced that its indirect non-wholly owned subsidiary, Xi’an Huimao, has entered into a Framework Agreement to provide loans to its shareholders, Xi’an Xiangmao, Qujiang Holdings, and Shaanxi Local Power Aerospace Real Estate. The loans will be distributed in proportion to their shareholding ratios. This transaction, classified as disclosable under the Hong Kong Stock Exchange Listing Rules, highlights the company’s strategic financial maneuvers to support its subsidiaries and align with its broader real estate development goals.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a company incorporated in Hong Kong, operating in the real estate industry. It focuses on property development, investment, and management, with a market emphasis on urban development and real estate projects in China.
YTD Price Performance: 25.51%
Average Trading Volume: 44,894,146
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.61B
Find detailed analytics on 0817 stock on TipRanks’ Stock Analysis page.