Author: patrickvallejo

Shimao Services Holdings Limited (“Shimao Services” or the “Company”; HKEX Stock Code: 873.HK) has recently completed two acquisitions. On December 3, it reached an equity partnership agreement with Suzhou Tianxiang Property Management Co., Ltd. (hereinafter referred to as “Suzhou Tianxiang Property Management”) and the latter has subsequently transferred 70% of its shares, representing 246 million yuan, to jointly develop the Suzhou market. On December 6, Shimao Services reached an equity partnership agreement with Hunan Jili Property Management Co., Ltd. (hereinafter referred to as “Hunan Jili Property”), in which Hunan Jili Property’s 70% equity will be transferred for 99.64 million yuan, ... Read more