Sino-Ocean Service Wins Minority Backing for Parking Space Asset Acquisition

Sino-Ocean Service Holding Ltd. ( (HK:6677) ) has issued an announcement.

Independent shareholders of Sino-Ocean Service Holding Limited have approved an ordinary resolution to ratify the Parking Space Asset Acquisition Agreement, with 62,826,039 votes in favour and only 500 votes against. The strong support at the extraordinary general meeting on 21 May 2026 paves the way for the company to proceed with the acquisition of parking space assets, potentially expanding its managed asset base and reinforcing its position in property-related services, while major shareholder Shine Wind abstained from voting due to its interest in the deal.

The resolution also authorises any one director to execute all necessary documents and actions to implement the transaction, streamlining the company’s internal process for completing the acquisition. The decisive poll result signals broad backing from minority investors for Sino-Ocean Service’s capital deployment into ancillary property assets, which could enhance recurring service revenue and deepen integration within its existing property management portfolio.

More about Sino-Ocean Service Holding Ltd.

Sino-Ocean Service Holding Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the property services sector. The group is associated with Sino-Ocean’s broader real estate ecosystem and focuses on managing and servicing property-related assets, including ancillary facilities such as parking spaces, for its shareholder and customer base in mainland China and Hong Kong.

Average Trading Volume: 171,755

Technical Sentiment Signal: Sell

Current Market Cap: HK$449.9M

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