News Snapshot:
The Hong Kong Stock Exchange (HKEx) issued an announcement on April 1, indicating that a property management services firm owned by Vanke called Onewo Space-Tech Service Co., Ltd. (Onewo) has formally submitted an application for a public listing . Onewo, formerly known as Vanke Property Development Co., Ltd., started business in 1990. In November 2021, Vanke announced it would spin off its subsidiary Onewo, as the latter would go public on the HKEx. As of December 31, 2021, Onewo managed about 785 million square meters of residential and commercial spaces, ranking top among all Chinese property companies. Onewo says it...
