Shimao Property

Entering the Commercial Property Management Subdivision Sector, Shimao Services Acquires Commercial Property Management Services-related Businesses

Retrieved on: 
Monday, December 13, 2021

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").

Key Points: 
  • 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.

Shimao Services Acquires Hunan Jili Property, Further Strengthens Hospital Property Services Business Following Recent Cooperation with Kangqiao Property

Retrieved on: 
Tuesday, December 7, 2021

On December 6, Shimao Services reached an equity partnership agreement with Hunan Jili Property Management Co., Ltd. (hereinafter referred to as "Hunan Jili Property"), in which Hunan Jili Property's 70% equity will be transferred for 99.64 million yuan, enabling Shimao Services to further expand and cultivate its hospital property services business within the Hunan market.

Key Points: 
  • On December 6, Shimao Services reached an equity partnership agreement with Hunan Jili Property Management Co., Ltd. (hereinafter referred to as "Hunan Jili Property"), in which Hunan Jili Property's 70% equity will be transferred for 99.64 million yuan, enabling Shimao Services to further expand and cultivate its hospital property services business within the Hunan market.
  • Shimao Services' cooperation with Hunan Jili Property, the market leader in the region, will effectively increase Shimao Services' business scale and project allocation in Hunan and therefore the central and western regions.
  • This cooperation with Hunan Jili Property Management will help Shimao Services to actively develop its business in the Hunan market while enhancing its professional capabilities in the field of hospital property services.
  • Currently, Shimao Services has four business segments: integrated property management, diversified value-added services, urban services, and digital technology services.

Shimao Services has formed a strategic cooperation with Suzhou Tianxiang Property Management to effectively improve the expansion capabilities of the Suzhou market

Retrieved on: 
Thursday, December 2, 2021

The partnership between Shimao Services and Suzhou Tianxiang Property Management has created a high degree of strategic synergy.

Key Points: 
  • The partnership between Shimao Services and Suzhou Tianxiang Property Management has created a high degree of strategic synergy.
  • Suzhou Tianxiang Property Management ranks among the top three property management companies in Suzhou, with strong comprehensive strengths and market expansion capabilities that are conducive to Shimao Services' market expansion plans in Suzhou.
  • Through this cooperation, and with the help of Suzhou Tianxiang Property Management's capabilities and advantages in the Suzhou market, Shimao Services' external expansion capabilities in the Suzhou market can be effectively improved, its market share can be further expanded and the two companies can jointly develop a new era for property services.
  • 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.

Strives for Five-fold Growth in Next Three Years, Grand Debut of Shimao Services' "City Services Manager"

Retrieved on: 
Sunday, October 31, 2021

On 29 October, in Shanghai, Shimao Services held an appreciation banquet to celebrate its first listing anniversary and the launch of its city services business.

Key Points: 
  • On 29 October, in Shanghai, Shimao Services held an appreciation banquet to celebrate its first listing anniversary and the launch of its city services business.
  • Shimao Group, the parent company of Shimao Services, is also confident of the prospect of the property industry hence will put its weight behind Shimao Services in striving for continuous rapid growth.
  • Currently, although city services still have to the appropriate operation model, with the country encouraging property enterprises to partake in city services, Shimao Services sees opportunities for its business.
  • 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.

Shimao Services Implements Five Major Strategies and Launches Municipal Services Manager to Help Improve Service Quality and Efficiency

Retrieved on: 
Friday, October 29, 2021

By expanding its comprehensive property management services, diversified value-added services and smart city services, the Group has achieved high-quality growth.

Key Points: 
  • By expanding its comprehensive property management services, diversified value-added services and smart city services, the Group has achieved high-quality growth.
  • Shimao Services is positioned as a leading comprehensive property management and community living service provider in China.
  • By leveraging its strong and comprehensive service capabilities, Shimao Services has expanded into municipal services and has rapidly achieved breakthroughs.
  • 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.

Shimao Services Announces 2021 Interim Results, Operating Revenue Surges 171% to RMB 4,234 million

Retrieved on: 
Wednesday, August 25, 2021

HONG KONG, Aug 25, 2021 - (ACN Newswire) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX stock code: 873.HK), a leading comprehensive property management and community living services provider in China, has announced its 2021 interim results, reporting an operating revenue of RMB 4,234 million, a year-on-year increase of 171%.

Key Points: 
  • HONG KONG, Aug 25, 2021 - (ACN Newswire) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX stock code: 873.HK), a leading comprehensive property management and community living services provider in China, has announced its 2021 interim results, reporting an operating revenue of RMB 4,234 million, a year-on-year increase of 171%.
  • Shimao Group, a leading and fast-growing property developer, has brought sufficient reserve projects to Shimao Services.
  • Strong synergies among four core business segments, cultivate city services business
    In the first half of 2021, property management services achieved revenue of RMB 2,322 million, a 183.3% year-on-year increase, accounting for over 54.8% of the Company's revenue.
  • 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.

Shimao Services Announces 2020 Annual Results

Retrieved on: 
Monday, March 15, 2021

HONG KONG, Mar 15, 2021 - (ACN Newswire) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX stock code: 873.HK), a leading comprehensive property management and community living services provider in China, today announced the first annual results since its listing.

Key Points: 
  • HONG KONG, Mar 15, 2021 - (ACN Newswire) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX stock code: 873.HK), a leading comprehensive property management and community living services provider in China, today announced the first annual results since its listing.
  • (From left to right): Mr. Liu Yu, Assistant President of Shimao Services; Mr. Cai Wen Wei, Executive Director and Chief Financial Officer of Shimao Services; Mr. Jason Hui Sai Tan, Vice Chairman of the Board of Shimao Group and Chairman of the Board of Shimao Services; Mr. Ye Ming Jie, Executive Director and President of Shimao Services; Mr. Feng Bo, Vice President of Shimao Services
    Surpass scale of growth with contracted GFA exceeding 200 million sq.
  • Mr. Hui Sai Tan, Vice Chairman of the Board of Shimao Group and Chairman of the Board of Shimao Services, said, "Shimao Services is one of the important wings of Shimao Group's "big aircraft" strategy.
  • 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.

Winning China's Millennial Generation with New China Pride, Shimao Star Launches All-new Lifestyle Hotel Brand ETHOS

Retrieved on: 
Tuesday, May 28, 2019

Shimao Star Hotels Group(hereafter referred to as "Shimao Star") participated in the event and launched its all- new hotel brand ETHOS (the Chinese name "Fan Xiang").

Key Points: 
  • Shimao Star Hotels Group(hereafter referred to as "Shimao Star") participated in the event and launched its all- new hotel brand ETHOS (the Chinese name "Fan Xiang").
  • Now the launch of the all-new brand ETHOS marks the first hotel brand that Starwood Capital co-created with a Chinese company and designed for a Chinese demographic group.
  • Shimao Star Hotels Group will also strive to gradually promote the ETHOS hotel to China's first- and second-tier cities.
  • Shimao Star Hotels Group is an internationalized hotel group jointly formed by Shimao Group and Starwood Capital Group.