Midea Real Estate Holding Limited (HK:3990) has released an update.
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Midea Real Estate Holding Limited successfully passed several key resolutions during their Extraordinary General Meeting on September 2, 2024, with a significant majority of independent shareholder votes in favor. The approved resolutions include the distribution of the property development and sales business to shareholders, and various service framework agreements pivotal for the company’s operation and management services. These strategic moves indicate a reshaping of the company’s business structure and service agreements, reflecting a potentially impactful change for stakeholders and the market.
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