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China Jinmao Holdings Group Limited ( (HK:0817) ) has shared an update.
China Jinmao Holdings Group Limited announced a significant development regarding its Right of First Refusal Agreement, initially set up in June 2022. Beijing Yicheng, a wholly-owned subsidiary, has exercised the right to acquire certain asset-backed securities under this agreement, with an intended purchase price not exceeding RMB1,323 million. This move marks a discloseable transaction under Hong Kong’s Listing Rules, indicating its strategic importance for the company by potentially enhancing its asset portfolio and financial standing.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a company incorporated in Hong Kong that operates in the real estate industry. It focuses on property development and management, and is involved in creating asset-backed securities schemes to fund its operations and business development.
YTD Price Performance: -4.08%
Average Trading Volume: 49,210,366
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$12.7B
See more insights into 0817 stock on TipRanks’ Stock Analysis page.
