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A subsidiary of China Xincheng Town (01278.HK) entered into a limited partnership agreement with Wuxi Kaihe, Hainan Yunhu and Yixing New Momentum to establish a partnership for investment purposes
Gelonghui, May 23, 丨 China Xincheng (01278.HK) announced that on May 23, 2024, Beijing Xincheng, an indirect wholly-owned subsidiary of the company, entered into a limited partnership agreement with Wuxi Kaihe, Hainan Yunhu and Yixing New Energy to establish a partnership for investment purposes. On the initial closing date, all partners promised to pledge the total investment of RMB 1,000,000,000 to the partnership, which will be invested in cash instalments by the partners in accordance with the fund manager's payment notice. The amount of capital pledged by Beijing Xincheng, Wuxi Kaihe, Hainan Yunhu, and Yixing New Kinetic Energy will each be RMB 409.
China New Town to Acquire 30% of Elder Care Services Firm
China New Town Development's (HKG:1278) indirect, wholly-owned subsidiary Hainan Xincheng Kaiyuan Investment has agreed to buy a 30% stake in Meidi Elderly Care Service (Shanghai), from four vendors,
China New Town Development's Profit Up in 2023
China New Town Development (HKG:1278) recorded a rise in attributable profit for the year ended Dec. 31, 2023, to 140.9 million yuan from 2.7 million yuan in 2022, according to the company's annual report posted on the Hong Kong bourse on Wednesday.
China Xincheng (01278.HK) plans to invest 50 million yuan in Meidi Pension Service (Shanghai) to acquire about 30% of its shares
Gelonghui, April 25, China Xincheng (01278.HK) issued an announcement. On April 25, 2024, Hainan Xincheng, an indirect wholly-owned subsidiary of the company, signed a capital increase agreement and shareholder agreement with existing shareholders and target company Meidi Pension Services (Shanghai) Co., Ltd. Based on this, Hainan Xincheng conditionally agreed to acquire about 30% of the target company's shares by investing RMB 50 million into the target company. The target company is a limited company established in China that mainly provides old-age services in China, including operating and managing pension equipment and community pension site selection, providing home care services, and nursing staff training
中國新城鎮:二零二三年年報
China Xincheng (01278.HK): Total fixed income project portfolio of 2,656 billion yuan as of March 31
Gelonghui, April 8, 丨 China Xincheng (01278.HK) announced that as of March 31, 2024, after deducting impairment preparations for risk projects, the total investment portfolio for the company's fixed income projects was approximately RMB 2,656 billion. Excluding risky projects, other projects obtained an annualized guaranteed investment income of approximately RMB 188 million before tax according to the contract, and the corresponding average annualized return on investment before tax was about 7.06%.
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