Tag: Shimao

Shimao Services Holdings Limited (“Shimao Services” or the “Company”; HKEX Stock Code: 873.HK) and Suzhou Tianxiang Property Management Co., Ltd. (hereinafter referred to as “Suzhou Tianxiang Property Management”) have reached an equity partnership agreement, and the latter has subsequently transferred 70% of its shares, representing 246 million yuan, to jointly develop the Suzhou market. The partnership between Shimao Services and Suzhou Tianxiang Property Management has created a high degree of strategic synergy. As 96.5% of Tianxiang’s projects are located in Suzhou, it will greatly increase the density of Shimao Services’ residential projects within this market, which is highly compatible with ... Read more