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Xinyuan Property Management Service (Cayman) Ltd. ( (HK:1895) ) has provided an update.
Xinyuan Property Management Service (Cayman) Ltd. has entered into Offsetting Debt Agreements with Xinyuan Real Estate Companies to settle outstanding accounts receivable by transferring target properties valued at RMB29,334,247. This transaction, categorized as a discloseable and connected transaction under Hong Kong’s Listing Rules, requires independent shareholder approval. An Extraordinary General Meeting (EGM) will be convened to seek this approval, with an Independent Board Committee and Financial Adviser appointed to guide shareholders. The move is expected to impact the company’s financial positioning and stakeholder relations.
More about Xinyuan Property Management Service (Cayman) Ltd.
Xinyuan Property Management Service (Cayman) Ltd. operates in the property management industry, focusing on providing management services for real estate properties. The company is involved in managing residential and commercial properties, primarily serving markets associated with Xinyuan Real Estate, its controlling shareholder.
Average Trading Volume: 390,821
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$344M
Find detailed analytics on 1895 stock on TipRanks’ Stock Analysis page.