JINMAO SERVICES (00816) announced that on April 30, 2025, the company's wholly-owned subsidiary JINMAO PROPERTY MANAGEMENT intends to...
According to Zhituo Finance APP, JINMAO SERVICES (00816) announced that on April 30, 2025, the company's wholly-owned subsidiary intends to acquire all equity of JINMAO GREEN BUILDING CHONGQING from Shanghai JINMAO for a total cash consideration of RMB 0.258 billion (including tax).
After the completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the company, and the financial performance of the target company will be consolidated into the group's financial statements.
It is reported that the target company is mainly engaged in Energy Operation business, including providing equipment operation and maintenance services for geothermal heat pumps, fresh air units, plate heat exchangers and other technical systems.
After the completion of the acquisition, the group will achieve integrated operation of Property Service and Energy Operation on the owner side, further enhancing operational efficiency, optimizing customer experience, and consolidating project stability. At the same time, the Energy Operation business, as the group's 'green' label, will further strengthen the group's competitive advantage across the entire chain, establish benchmark service projects for the group in the Technology Residence sector, accelerate the group's market expansion in the fields of Technology Residence, non-residential sectors, and Energy Management services, and cultivate differentiated competitive capabilities to support the group's mid-to-long-term strategic goals.
This acquisition reflects the group's further strengthening of strategic synergy with CHINA JINMAO, anchoring the high-quality development goal of 'recreating a new JINMAO SERVICES in five years', and is an important measure to strengthen the core business line of 'Energy Management' in the '1245' Global Strategy. It is also a key strategic implementation of CHINA JINMAO's 'One Core, Three Focuses' business strategy, focusing on high-quality holdings and high-end service business, and accelerating the creation of a second growth curve.
