Shimao Services Forms Partnership for Cold Chain Logistics Project

Shimao Services Holdings Limited ( (HK:0873) ) has issued an announcement.

Shimao Services Holdings Limited announced the formation of a partnership with Wuxi Xinghe to invest in and operate a cold chain logistics project in Huludao, Liaoning Province, China. The partnership, named Jiangsu Tianhe Project Management Partnership, involves a capital contribution of RMB240 million, with Shimao contributing 99% of the funds. This strategic move is expected to enhance Shimao’s operational capabilities in logistics, potentially strengthening its market position and offering new opportunities for growth in the logistics sector.

The most recent analyst rating on (HK:0873) stock is a Sell with a HK$0.83 price target. To see the full list of analyst forecasts on Shimao Services Holdings Limited stock, see the HK:0873 Stock Forecast page.

More about Shimao Services Holdings Limited

Shimao Services Holdings Limited operates in the property management industry, focusing on providing comprehensive property management services. The company is known for its involvement in various real estate projects and has a significant presence in the Chinese market.

Average Trading Volume: 1,227,544

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.93B

For an in-depth examination of 0873 stock, go to TipRanks’ Overview page.