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Excellence Commercial Arm to Buy Over 10,000 Parking Lots in Shenzhen
Excellence Commercial Property & Facilities Management Group (HKG:6989) arm Shenzhen Excellent Property Management intends to purchase 10,301 parking lots across Shenzhen for about 598 million yuan. T
Excellent Commercial Enterprise Service (06989.HK): Excellent Property plans to acquire parking spaces in Shenzhen
Gelonghui, May 14, 丨 Excellent Commercial Enterprise Service (06989.HK) announced that on May 13, 2024, Excellent Property (a wholly-owned subsidiary of the company) and Excellent Real Estate signed a framework agreement. According to this, Excellent Real Estate will conditionally acquire and Excellent Real Estate will prompt entities to conditionally sell parking spaces, at the maximum cost of no more than RMB 598 million. According to the framework agreement, Excellent Property will be conditionally acquired and Excellent Real Estate will enable the entity to conditionally sell 10,301 parking spaces until the respective expiration dates of the land use rights on the relevant plot where the parking space is located. Since the parking spaces are all located in Shenzhen
Excellence Commercial Property's Profit Down 25% in 2023
Excellence Commercial Property & Facilities Management Group (HKG:6989) recorded a 25% decline in attributable profit for the year 2023, to 302.7 million yuan from 403.5 million yuan in 2022, accordin
EXCELLENCE CM: 2023 Annual Report
Performance is polarized, is your residential property OK?
High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.
Property management stocks were under overall pressure, Wanwuyun (02602) fell 4.21%, and the agency expects the sector to remain volatile in the 2nd quarter
Jinwu Financial News | Property management stocks followed the overall pressure on the real estate sector. Landsea Green Life (01965) fell 10.53%, Wanwuyun (02602) fell 4.21%, Shimao Services (00873) fell 3.85%, New Hope Services (03658) fell 3.66%, Excellent Commercial Enterprise Services (06989) fell 3.33%, and Country Garden Services (06098) fell 3.29%. CMB International said that the real estate and property management sector continued to fluctuate due to negative news related to developer debt repayment, and the bank believes the trend may be maintained in the second quarter. According to the bank, policy-side first-tier cities continue
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