The Zhitong Finance App learned that Zhuguang Holdings (01176) rose more than 22% intraday. As of press release, it rose 5.88% to HK$0.45, with a turnover of HK$4,0353,400.
Pearl Holdings recently announced that it intends to acquire no more than 80% of the shares of the potential target company responsible for developing a Guangzhou renovation project. The target company will obtain economic benefits and commercial returns by selling properties developed on a designated portion (financing plot) of the land used for the target renovation project.
Furthermore, recently, the private enterprise bond financing support tool (“second arrow”) Zengxin Shenzhen Excellence Commercial Management Co., Ltd. successfully issued the second issue of the 2023 medium-term notes, with an issuance scale of 1 billion yuan. Some of the funds are to be used for renovation projects in Shenzhen's Dapeng New Area. This is the first time that a private housing enterprise supported by the “second arrow” has applied raised funds to old city renovation and urban renewal projects.