Jinke Smart Services Faces Ownership Shift with New Acquisition

The latest update is out from Jinke Smart Services Group Co., Ltd. Class H ( (HK:9666) ).

Jinke Smart Services Group Co., Ltd. has announced that Broad Gongga Investment Pte. Ltd. has acquired approximately 18.05% of its shareholding through a public auction. This acquisition was part of a debt repayment arrangement involving Jinke Property, a substantial shareholder. As a result, the Offeror and its Concert Parties will hold a majority stake of 55.91% in the company, triggering a mandatory unconditional cash offer for all remaining shares not owned by the Offeror, in accordance with the Takeovers Code. This development could significantly impact the company’s control and future strategic direction.

More about Jinke Smart Services Group Co., Ltd. Class H

Jinke Smart Services Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on smart services. The company operates within the property management industry, providing a range of services aimed at enhancing the living and working environments of its clients.

YTD Price Performance: 14.78%

Average Trading Volume: 636,323

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.15B

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