HONG KONG, Dec 3, 2021 - (ACN Newswire via SEAPRWire.com) - 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 proj...