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Jinmao Property Services Co., Ltd. ( (HK:0816) ) has shared an announcement.
Jinmao Property Services Co., Ltd. has announced a significant acquisition of the entire equity interest in Jinmao Lvjian Chongqing for RMB258 million. This acquisition, subject to shareholder approval, will see Jinmao Lvjian Chongqing become an indirect wholly-owned subsidiary, consolidating its financial results into Jinmao Property Services’ accounts. The transaction is categorized as both a discloseable and connected transaction under Hong Kong’s Listing Rules, requiring independent shareholder approval and compliance with specific reporting and announcement requirements.
More about Jinmao Property Services Co., Ltd.
Jinmao Property Services Co., Ltd. is a company incorporated in Hong Kong, operating in the property services industry. It is a subsidiary of China Jinmao, which holds a significant controlling interest in the company.
YTD Price Performance: 9.13%
Average Trading Volume: 1,027,416
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.49B
See more insights into 0816 stock on TipRanks’ Stock Analysis page.