China Jinmao Holdings Group Limited ( (HK:0817) ) has provided an update.
China Jinmao Holdings Group Limited announced that its subsidiary, Shanghai Jinmao, has entered into a loan agreement with Hangzhou Binjian to provide an Earnest Money Loan of up to RMB1,121,691,149 at an interest rate of 1.55% per annum. This transaction is aimed at facilitating cooperation negotiations for the development of a land parcel. The loan agreement includes provisions for repayment and guarantees, and it may be converted into a shareholder’s loan if certain conditions are met. This strategic move is expected to strengthen China Jinmao’s position in the real estate sector by fostering collaboration and expanding its project portfolio.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited is a company incorporated in Hong Kong, primarily engaged in real estate development and management. The company focuses on urban development and operates through its subsidiaries, including Shanghai Jinmao.
YTD Price Performance: 18.37%
Average Trading Volume: 57,088,132
Technical Sentiment Signal: Sell
Current Market Cap: HK$15.67B
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