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Stock impact report

Xinyuan Real Estate Confirms Intent to Maintain Stake in Property Management Subsidiary

Xinyuan Real Estate Co Ltd American Depositary Shares (XIN) 
US:NYSE Investor Relations: ir.xyre.com
Company Research Source: PR Newswire
BEIJING, Apri 15, 2020 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager, today confirmed its intent to maintain its full holding of 300 million shares in its publicly-traded subsidiary, Xinyuan Property Management Service (Cayman) Ltd. ("Xinyuan Property Management")(1895.HK), after the lock-up period ends on April 11, 2020. The Company owns 60% of Xinyuan Property Management and has no plan to reduce its stake.Xinyuan Property Management was founded in 1998 and has been consistently ranked among the top property service companies in China. Xinyuan Property Management has been variously recognized as: a "Top 100" property management firm; a property services excellent brand; a property management brand influencer; and a property management outstanding enterprise. Over the past 20 years, Xinyuan Property Management has established up to 38 branches in China and is a pillar in parent Xinyuan Show less Read more
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