China Jinmao Announces Major Asset Disposal Plan

China Jinmao Holdings Group Limited (HK:0817) has released an update.

China Jinmao Holdings Group Limited has announced its plan to sell its entire equity interest in its subsidiary Jin Mao Sanya through a public tender process at the CBEX. The transaction, which could account for between 25% and 75% of the company’s applicable percentage ratio, requires shareholder approval and is subject to the Hong Kong Stock Exchange’s listing rules. The sale is estimated to involve claims valued at approximately RMB58.461 million.

For further insights into HK:0817 stock, check out TipRanks’ Stock Analysis page.