China Jinmao Sells Sanya Tourism Stake for RMB2.26 Billion

Reuters2025-12-31

<a href="https://laohu8.com/S/CJNHF">China Jinmao</a> Sells Sanya Tourism Stake for RMB2.26 Billion

China Jinmao Holdings Group Limited has provided a supplemental update regarding its disposal of 100% equity interest in Sanya Tourism. The company expects to record a pre-tax gain of approximately RMB1,573.31 million from the transaction, based on a final total transfer consideration of RMB2,264.6 million and the audited net asset value of Sanya Tourism as of 31 March 2025. Net proceeds from the sale, estimated to be around RMB2,259.73 million after deducting relevant expenses, are intended for future investments, including potential land purchases, development projects, mergers and acquisitions of high-quality assets, and general working capital. The company currently has no specific plans for material investments and notes that the future allocation of the proceeds remains uncertain.

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-20251231-11973730), on December 31, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for i","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1240":"房地产开发","BK1555":"内房股","00817":"中国金茂"},"translate_title":"中国金茂22.6亿元出售三亚旅游股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00817":0.9},"content_text":"China Jinmao Sells Sanya Tourism Stake for RMB2.26 Billion\n    \n\nChina Jinmao Holdings Group Limited has provided a supplemental update regarding its disposal of 100% equity interest in Sanya Tourism. The company expects to record a pre-tax gain of approximately RMB1,573.31 million from the transaction, based on a final total transfer consideration of RMB2,264.6 million and the audited net asset value of Sanya Tourism as of 31 March 2025. 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