Xinyuan Property Management Service (Cayman) Ltd. (HK:1895) has released an update.
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Xinyuan Property Management Service (Cayman) Ltd., through its subsidiary Henan Yousheng, has entered a lease agreement with Zhengzhou Sky to provide lease and management services for a cinema city, starting from September 2024 to September 2027. The deal, involving monthly rent and management fees based on property size and market rates, is significant enough to require annual reporting but not independent shareholder approval.
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