Financial Street Property Expands Stake in Target Company

Financial Street Property Co. Limited Class H (HK:1502) has released an update.

Financial Street Property Co., Limited has successfully acquired an additional 11% equity interest in a target company, raising its total ownership to 51%. This strategic move, conducted through open market bidding and valued at RMB6.5128 million, positions the target company as an indirect non-wholly owned subsidiary of Financial Street Property. The acquisition, significant yet not requiring shareholder approval, highlights the company’s expanding influence in the market.

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