China Jinmao Holdings Group Limited (HK:0817) has released an update.
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China Jinmao Holdings Group Limited announced a significant financial move with its subsidiary, Beijing Yicheng, agreeing to provide a loan of up to RMB921 million to Fuzhou Yucheng for a land development project. This transaction, which also involves acquiring a 36% stake in Beijing Zhaoxing, highlights China Jinmao’s strategic investment in real estate development. The deal underscores the company’s growth ambitions and its focus on fostering real estate partnerships.
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