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Hong Kong stocks volatile | Shimao Services (00873) once rose more than 13%, the company expanded the market in September with 12 projects, and its subsidiary established a joint venture to layout the charging station business.
Shimao Services (00873) once rose by more than 13%, as of the time of publication, it rose by 7.07%, closing at 1.06 Hong Kong dollars, with a turnover of 2.8246 million Hong Kong dollars.
HK stocks are moving abnormally | Property management stocks are rising with mainland real estate, the effects of real estate policies are gradually emerging, and the restructuring of real estate company debts may act as a catalyst.
Property management stocks rose with mainland real estate stocks, as of the deadline, shimao services (00873) rose by 10.1%, to 25.6 Hong Kong dollars; Sinoocean serv (02602) rose by 9.87%, to 25.6 Hong Kong dollars; Sino-ocean serv (06677) rose by 7.94%, to 0.68 Hong Kong dollars; A-living (03319) rose by 6.1%, to 3.48 Hong Kong dollars; Everg services (06666) rose by 5.81%, to 0.91 Hong Kong dollars.
Shimao services (00873.HK) subsidiary collaborates with partners to enter the electric vehicle charging station market, establishing a joint venture company.
On October 31,格隆汇announced that Shimao Services (00873.HK) mediated a fully-owned subsidiary Chengdu Shimao Tiancheng and its partner (Hainan Zaiyou Chongxin New Energy Technology Co., Ltd.) signed an investment agreement on October 31, 2024, whereby the contracting parties agreed to establish a joint venture company to construct and operate electric vehicle charging stations in China. According to the terms of the investment agreement, the registered capital of the joint venture company is RMB 0.4 billion. Chengdu Shimao Tiancheng will contribute RMB 0.196 billion, and the partner will contribute the remaining RMB 0.204 billion as the registered capital of the joint venture company. The joint venture company is established.
Express News | Shimao Services - Jv for Construction, Others of Electric Vehicles Charging Stations and Related Businesses for Evs in PRC
Express News | Shimao Services - Chengdu Shimao Tiancheng Will Contribute RMB196 Mln
Express News | Shimao Services - Formation of Joint Venture Company
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