Entering the Commercial Property Management Subdivision Sector, Shimao Services Acquires Commercial Property Management Services-related Businesses
HONG KONG, Dec 13, 2021 - (ACN Newswire) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX Stock Code: 873.HK) announced that the Company has conditionally agreed to acquire the property management services business and related value-added services being carried out by Shanghai Shimao in the PRC (the "Acquisition").
- HONG KONG, Dec 13, 2021 - (ACN Newswire) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX Stock Code: 873.HK) announced that the Company has conditionally agreed to acquire the property management services business and related value-added services being carried out by Shanghai Shimao in the PRC (the "Acquisition").
- Upon the completion of the Acquisition, Shimao Services will enter into market segments such as commercial property management as well as facilities and equipment management.
- The Target Business is the property management services business and related value-added services being carried out by Shanghai Shimao in the PRC through Shimao Property Management Co., Ltd., a wholly-owned subsidiary of Shanghai Shimao and 29 other subsidiaries.
- About Shimao Services Holdings Limited (Stock code: 873)
Established in 2005, Shimao Services is China's leading provider of integrated property management and community life services.