Shimao Services has formed a strategic cooperation with Suzhou Tianxiang Property Management to effectively improve the expansion capabilities of the Suzhou market
2021年12月3日 - 9:05AM
JCN Newswire
Shimao Services Holdings Limited ("Shimao Services" or the
"Company"; HKEX Stock Code: 873.HK) and Suzhou Tianxiang Property
Management Co., Ltd. (hereinafter referred to as "Suzhou Tianxiang
Property Management") have reached an equity partnership agreement,
and the latter has subsequently transferred 70% of its shares,
representing 246 million yuan, to jointly develop the Suzhou
market.
The partnership between Shimao Services and Suzhou Tianxiang
Property Management has created a high degree of strategic synergy.
As 96.5% of Tianxiang's projects are located in Suzhou, it will
greatly increase the density of Shimao Services' residential
projects within this market, which is highly compatible with the
Company's strategy of key city intensive development. On December
2, Shimao Services' arm in the Yangtze River Delta Region was
awarded the "2021 East China Property Service Market TOP 3
Position". Suzhou is one of the key cities served by Shimao
Services in the Yangtze River Delta region. Since Suzhou Tianxiang
Property Management has 166 projects under management, the
partnership has the potential to further enhance the project
management capabilities of Shimao Services in the Yangtze River
Delta, reducing costs and improving overall operating efficiency,
as well as increasing market share. It could also help to create
new opportunities for value-added services and market
expansion.
Suzhou Tianxiang Property Management ranks among the top three
property management companies in Suzhou, with strong comprehensive
strengths and market expansion capabilities that are conducive to
Shimao Services' market expansion plans in Suzhou. It is worth
mentioning that Suzhou Tianxiang Property Management has a leading
position in Suzhou and even Jiangsu Province, and it is also an
excellent property service company to usher represent the 30th
anniversary of the reform and development of property management in
Jiangsu Province. The company has strong market expansion
capabilities, covering government office buildings, schools,
logistics parks, hospitals, venues, and residential buildings.
Through this cooperation, and with the help of Suzhou Tianxiang
Property Management's capabilities and advantages in the Suzhou
market, Shimao Services' external expansion capabilities in the
Suzhou market can be effectively improved, its market share can be
further expanded and the two companies can jointly develop a new
era for property services.
About Shimao Services Holdings Limited (Stock code: 873)
Established in 2005, Shimao Services is China's leading provider of
integrated property management and community life services. It is
also one of the important wings of Shimao Group's "big aircraft"
strategy. Shimao Services takes the "Smart Maker of Good Life" as
its brand concept and implements the "iBlue Strategy", focusing on
the four core high-energy city clusters in the Yangtze River Delta
Region, Central and Western China, Southern China and Bohai
Economic Rim. As of June 2021, the company had more than 530
properties under management, 239 million square meters of contract
area, covering residential, schools, government and public
facilities, health care centers and hospitals, VIP lounges in
waiting rooms, etc, and provided comprehensive property management,
community life services and non-owner value-added services for
nearly 3.2 million owners and users.
For more information, please visit Shimao Services' website:
https://www.shimaofuwu.com/
For further information, please contact:
Strategic Financial Relations Limited
Sharon Lau / Cherry Chen
Tel: (852) 2864 4852 / (852) 2114 4903
Email: sprg_shimao@sprg.com.hk
Fax: (852) 2527 1196
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