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.
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