Hevol Services Group Co. Ltd., a company incorporated in the Cayman Islands and listed on the Main Board of the Stock Exchange of Hong Kong, has announced a significant transaction involving the disposal of a 51% equity interest in Jiangsu Shenhua Times Property Group Co., Ltd. The transaction was formalized on May 9, 2025, after trading hours. The Vendor in this deal is Beijing Hongsheng Investment Limited, a wholly-owned subsidiary of Hevol Services Group. This move marks a notable shift in Hevol Services Group's business strategy as they divest their majority stake in the Target Company, a property group established under the laws of the People's Republic of China.
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