Shoucheng Holdings Ltd. ( (HK:0697) ) has provided an announcement.
Shoucheng Holdings Ltd. has announced the establishment of a new investment partnership involving its indirect wholly-owned subsidiaries, Shoujing Investment and Beijing Langjia, alongside China Life, Chasing Jixiang, and Chuangchi Corporate Management. The partnership aims to achieve capital appreciation and generate satisfactory returns for its partners through investment activities. This partnership is considered a discloseable transaction under Hong Kong’s Listing Rules due to the applicable percentage ratios, and it is subject to regulatory approvals. The total capital contribution for the partnership is RMB5.237 billion, with China Life holding the majority stake. The partnership will operate for ten years, with an option for extension, focusing on investment and exit periods.
More about Shoucheng Holdings Ltd.
YTD Price Performance: 48.18%
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.27B
See more data about 0697 stock on TipRanks’ Stock Analysis page.