China Jinmao Enters Management Agreement with Sinochem

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

China Jinmao Holdings Group Limited has entered into a Project Development Entrusted Management Agreement with Sinochem Holdings to oversee the development of an office headquarters in Xiong’an New Area, Hebei Province. Jinmao Xiong’an, a subsidiary of China Jinmao, will provide comprehensive management services for the project, which covers planning, construction, and financial oversight. The service fee, calculated as a percentage of construction costs, is projected to reach up to RMB54,630,000.

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