Jinmao Property Services shares sink in Hong Kong trading debut
Shares of Jinmao Property Services Co. plunged in their Hong Kong trading debut, dropping as much as 35% to HK$5.32 from an initial public offering price of HK$8.14.
China Jinmao Holdings Group Limited develops properties in Mainland China. It operates in four segments: City and Property Development, Commercial Leasing and Retail Operations, Hotel Operations, Jinmao Services, and Others. The City and Property Development segment develops city complexes and properties, as well as develops land. The Commercial Leasing and Retail Operations segment leases office and retail commercial premises. The Hotel Operations segment provides hotel accommodation, and food and beverages services. The Jinmao Services segment offers property management and value-added services to non-property owners and community. The Others segment offers design and decoration services, as well as operates an observation deck. It also engages in building technology and services business. The company was formerly known as Franshion Properties (China) Limited and changed its name to China Jinmao Holdings Group Limited in September 2015. China Jinmao Holdings Group Limited was incorporated in 2004 and is headquartered in Beijing, China.
4.155 | |
4.155 | |
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4.155 | |
3.735-15.37 | |
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270 M | |
67 537 M | |
0.0926 | |
0.636 |
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Shares of Jinmao Property Services Co. plunged in their Hong Kong trading debut, dropping as much as 35% to HK$5.32 from an initial public offering price of HK$8.14.
Rating Action: Moody's assigns Baa3 to China Jinmao's proposed USD notesGlobal Credit Research - 25 Feb 2022Hong Kong, February 25, 2022 -- Moody's Investors Service has assigned a Baa3 backed senior ...
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