Shimao Services (00873) rose more than 13% at one point, 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.
According to the Zhitong Finance APP, Shimao Services (00873) rose more than 13% at one point, 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.
On the news front, on October 17th, Shimao Services announced the third-party market expansion achievements in September, expanding a total of 12 projects in the residence, government logistics, industrial parks, enterprise logistics, urban complexes, and school formats. In the residence sector, Shimao Services expanded projects including Yunxia Lianyuan Project in Hangzhou, Zhejiang, Shimao Yating Project in Chongqing, and Vanke Park Huian Project in Sanya, Hainan.
In addition, on October 31st, the indirect wholly-owned subsidiary of World Trade Services, Chengdu Shimao Tiancheng, entered into an investment agreement with a joint venture partner. According to this, the contracting parties agreed to establish a joint venture company aimed at construction, installation, construction, operation, and investment in electric vehicle charging stations and related businesses in China. It is reported that the registered capital is 0.4 billion yuan, with Chengdu Shimao Tiancheng contributing 0.196 billion yuan, holding a 49% stake, and the joint venture partner contributing 0.204 billion yuan, holding a 51% stake.