Yuexiu Property Sells Equity Stake in Hangzhou Residential Project Company

Reuters01-05

<a href="https://laohu8.com/S/YUEXF">Yuexiu Property</a> Sells Equity Stake in Hangzhou Residential Project Company

Yuexiu Property Company Limited disclosed that its indirect non-wholly owned subsidiary has entered into a cooperation agreement to dispose of equity interests in a newly established project company in Hangzhou, China. The project company, set up in September 2025, was formed specifically for developing a residential land parcel in the Gongshu District, which was acquired for a total premium of RMB1.33 billion. Under the agreement, the seller and Hangzhou Binjiang will establish a joint venture, JV Company A, with registered capital of RMB364 million and ownership stakes of 50.50% and 49.50%, respectively. Subsequently, JV Company A, Kunhe Construction, and Zhejiang Yingguan will form JV Company B, with registered capital of RMB700 million, to be held 52%, 24%, and 24% respectively. The transaction involves the transfer of equity interests and the provision of a shareholder loan by the purchasers following completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yuexiu Property Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260105-11980302), on January 05, 2026, and is solely responsible for the information contained therein.

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The project company, set up in September 2025, was formed specifically for developing a residential land parcel in the Gongshu District, which was acquired for a total premium of RMB1.33 billion. Under the agreement, the seller and Hangzhou Binjiang will establish a joint venture, JV Company A, with registered capital of RMB364 million and ownership stakes of 50.50% and 49.50%, respectively. Subsequently, JV Company A, Kunhe Construction, and Zhejiang Yingguan will form JV Company B, with registered capital of RMB700 million, to be held 52%, 24%, and 24% respectively. The transaction involves the transfer of equity interests and the provision of a shareholder loan by the purchasers following completion.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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