Jinmao Property Services Signs Three-Year HR Services Deal with Sinochem Affiliate

Jinmao Property Services Co., Ltd. ( (HK:0816) ) has issued an update.

Jinmao Property Services has entered into a Human Resource Service Framework Agreement with Sinochem Fangsheng, a connected company under its ultimate controlling shareholder Sinochem Holdings, to procure a range of human resource services, including outsourced staffing, personnel agency, labour dispatch and other approved HR-related services, through to 31 December 2027. The arrangement, priced on an arm’s-length basis with reference to market rates, service scope and compliance with Chinese labour regulations, constitutes a continuing connected transaction under Hong Kong listing rules; with the relevant percentage ratios between 0.1% and 5%, it is subject to disclosure and annual review requirements but does not require independent shareholders’ approval, underscoring the company’s continued reliance on affiliated parties for cost-efficient HR support while operating within the connected-transaction governance framework.

The most recent analyst rating on (HK:0816) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Jinmao Property Services Co., Ltd. stock, see the HK:0816 Stock Forecast page.

More about Jinmao Property Services Co., Ltd.

Jinmao Property Services Co., Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong, operating in the property and related services sector. The company is ultimately controlled by Sinochem Holdings, which holds approximately 74.76% of its issued shares, and it leverages group synergies with Sinochem-affiliated entities for operational support services.

Average Trading Volume: 753,012

Technical Sentiment Signal: Hold

Current Market Cap: HK$2.46B

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