China Jinmao Holdings Acquires 49% Stake in Shanghai Taomao for Discloseable Transaction

Reuters

06-24

China Jinmao Holdings Acquires 49% Stake in Shanghai Taomao for Discloseable Transaction

China Jinmao Holdings Group Limited, a prominent developer and operator of real estate projects in the PRC, announced a significant transaction involving the acquisition of a 49% equity interest in Shanghai Taomao Property Co., Ltd. The transaction was formalized through an Equity Transfer Agreement signed on June 24, 2025, between Suzhou Tengmao, an indirect wholly-owned subsidiary of China Jinmao, and Suzhou Chunmao. This move is part of China Jinmao's strategic efforts to enhance its presence in the real estate sector in Shanghai, with the Shanghai Putuo Jinmao Palace Project being among its key developments. The transaction is classified as discloseable under the Hong Kong Stock Exchange's Listing Rules, reflecting its substantial nature in the company's portfolio expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Jinmao Holdings Group Limited published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.

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The transaction was formalized through an Equity Transfer Agreement signed on June 24, 2025, between Suzhou Tengmao, an indirect wholly-owned subsidiary of China Jinmao, and Suzhou Chunmao. This move is part of China Jinmao's strategic efforts to enhance its presence in the real estate sector in Shanghai, with the Shanghai Putuo Jinmao Palace Project being among its key developments. The transaction is classified as discloseable under the Hong Kong Stock Exchange's Listing Rules, reflecting its substantial nature in the company's portfolio expansion.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Jinmao Holdings Group Limited published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00123","symbol_name":"越秀地产","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250624:nNDL1yl5tP:1","article_id":"2545707281","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545707281","pubTimestamp":1750765293,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China Jinmao Holdings Group Limited, a prominent developer and operator of real estate projects in the PRC, announced a significant transaction involving the acquisition of a 49% equity interest in Shanghai Taomao Property Co., Ltd. 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