China Jinmao Holdings Group Limited announced that its indirect non-wholly-owned subsidiary, Shanghai Qinmaojia, has entered into a framework agreement to provide loans to Qinruijia Shanghai. The transaction, which involves maximum daily balances (including accrued interests) with applicable percentage ratios of more than 5% but less than 25%, is classified as a discloseable transaction under the Hong Kong Listing Rules. Shanghai Qinmaojia is held 90% by Xi'an Baomao, a wholly-owned subsidiary of China Jinmao, and 10% by Qinruijia Shanghai, whose ultimate beneficial owner is UOL Group Limited. The transaction is subject to reporting and announcement requirements but does not constitute a connected transaction. China Jinmao is a major developer and operator of real estate projects in China.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Jinmao Holdings Group Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251128-11932941), on November 28, 2025, and is solely responsible for the information contained therein.
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