China Jinmao (00817.HK) subsidiary plans to put up for sale 100% equity of Jinmao (Sanya) Tourism Co., Ltd. with a minimum price of 2.2646 billion yuan.

China Jinmao (00817.HK) announced that its wholly-owned subsidiary, Shanghai Jinmao Investment Management Group Co., Ltd., intends to sell 100% equity of Jinmao (Sanya) Tourism Co., Ltd. (the target company) for the purpose of securitization of assets. The proposed sale has been publicly listed on the Beijing Property Exchange, with a minimum listing price of RMB 2.2646 billion.