The wobble in China’s economy is fuelling expectations that a shakeout will present opportunities for acquisitions and takeovers for some of the nation’s biggest property management companies, an industry executive said.Several industry players have boosted their financial firepower this year by raising cash from stock placements to pick up targets. Hong Kong-listed Ever Sunshine Lifestyle Services Group does not want to miss the boat, chief executive officer Zhou Hongbin said.“We want to seek…
Source : South China Morning Post
Read more…Chinese property managers replenish cash, eye M&A targets as coronavirus spurs industry consolidation















