Dalong Weiye Real Estate Subsidiary Plans to Buy Majority Stake in Chengzhu Real Estate Development

MT Newswires Live2025-09-25

Beijing Dalong Weiye Real Estate Development's (SHA:600159) subsidiary, Beijing Dalong Real Estate Development, plans to acquire 60% of Beijing Chengzhu Real Estate Development, according to a Shanghai bourse disclosure on Thursday.

The Chinese real estate developer reached a preliminary deal with Beijing Shunyi New Town Development to acquire the stake.

Chengzhu Real Estate Development's core assets are the state-owned land use rights for the Dongfeng Mall area in Beijing, which has a total site area of 41,300 square meters.

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