Greentown China Subsidiary Signs Project Management Agreement with Hangzhou Zhongyi Jiangchen Real Estate
Reuters
Oct 20
Greentown China Subsidiary Signs Project Management Agreement with Hangzhou Zhongyi Jiangchen Real Estate
Greentown China Holdings Limited announced that on 20 October 2025, its non-wholly owned subsidiary, Greentown Real Estate Construction Management, entered into an agreement with Hangzhou Zhongyi Jiangchen Real Estate and other parties. Under the agreement, Greentown Real Estate Construction Management will provide project management services for a specified project. The transaction constitutes a connected transaction under Chapter 14A of the Listing Rules, as certain parties involved are considered connected persons of the company. The transaction is subject to reporting and announcement requirements, but is exempt from circular and independent shareholders' approval requirements. Directors with a material interest in the transaction abstained from voting on the relevant board resolutions.
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