Xinyuan Property Management Service (Cayman) Ltd. (HK:1895) has released an update.
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Xinyuan Property Management Service (Cayman) Ltd. has announced two framework agreements with Xinyuan Real Estate Group, committing to provide operation services and asset sales agency services until the end of 2026. These agreements are significant due to Xinyuan Real Estate’s position as a controlling shareholder, triggering regulatory compliance with the Listing Rules for connected transactions. Shareholders are to expect a detailed circular by July 20, 2024, which will precede an Extraordinary General Meeting (EGM) for approval of the transactions.
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