Shimao Services Holdings Limited (HK:0873) has released an update.
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Shimao Services Holdings Limited has announced the sale of a 60% equity interest in a subsidiary for RMB250 million, following an independent valuation by Masterpiece International Business Consultancy. The subsidiary is involved in environmental sanitation services, which include road cleaning and waste management in China. The valuation considered comparable companies in the same sector, ensuring a fair market price for the transaction.
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