SJM Holdings Explores Major Property Acquisition in Zhuhai

SJM Holdings (HK:0880) has released an update.

SJM Holdings has entered into a non-legally binding memorandum of understanding to potentially acquire a significant property in Zhuhai, China for RMB546 million. The property includes strata office units and a retail unit, with plans for conversion into a hotel. This proposed acquisition highlights SJM Holdings’ strategic expansion efforts in the real estate sector.

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