trending Market Intelligence /marketintelligence/en/news-insights/trending/MAzyL21bQOf2BDVTSfxNkw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

China Jinmao Holdings lists 50% stake in unit for sale

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


China Jinmao Holdings lists 50% stake in unit for sale

China Jinmao Holdings Group Ltd. listed its 50% equity stake in Shanghai Xingwaitan Development & Construction Ltd. for sale on the Shanghai United Assets and Equity Exchange.

The formal disclosure on the bourse comes after the company announced its plans to divest its respective 50% stakes in three non-wholly owned units including Shanghai Yin Hui Real Estate Development Co. Ltd. and Shanghai International Shipping Service Center Co. Ltd.

Shanghai International Port (Group) Co. Ltd. holds the other 50% equity interest in Shanghai Xingwaitan and will not be waiving its statutory pre-emption right, according to a release from China Jinmao.

China Jinmao has not yet confirmed the buyer and the consideration for the sale and said it has not entered into any binding agreement for the plan.