Demand for property management services is set to increase to prevent the coronavirus from spreading in residential and commercial buildings. Photo: SCMP Handout
Chinese property managers replenish cash, eye M&A targets as coronavirus spurs industry consolidation
- Hong Kong-listed firm has raised cash to seek acquisition targets in eastern mainland provinces and Greater Bay Area cities
- Industry consolidation to accelerate amid pandemic, with about one fifth of companies expected to control 80 per cent of the market, CEO says
Demand for property management services is set to increase to prevent the coronavirus from spreading in residential and commercial buildings. Photo: SCMP Handout
