Cinda Real Estate (600657.SH) announced that Guangdong Cinda Real Estate Co., Ltd., a wholly-owned subsidiary of the company (“Guangdong Cinda...
Zhitong Finance App News, Cinda Real Estate (600657.SH) announced that Guangdong Cinda Real Estate Co., Ltd. (“Guangdong Cinda Real Estate”), a wholly-owned subsidiary of the Company, and its affiliate China Cinda Asset Management Co., Ltd. (“Cinda Capital”) and its subsidiary Cinda Capital Management Co., Ltd. (“Cinda Capital”) participated in the subscription for Wuhu Xinhu Industrial Investment Partnership (Limited Partnership) (“Partnership”) shares. The total pledge scale of the partnership is 975 million yuan, of which Guangdong Cinda Real Estate has pledged 574 million yuan and is developing and constructing the project.
According to reports, Hainan Sunac Foundation Real Estate Co., Ltd. (“Hainan Sunac”) holds 51% of the shares in Hainan Happy City Investment Co., Ltd. (“Project Company”), and the holding subsidiary of the company, Hainan Xinda Runsheng Real Estate Co., Ltd. (“Hainan Runsheng”) holds 49% of the shares in the project company. The two sides cooperated to develop the Nanli Lake No.1 Phase II project (“Project”). In order to promote project development and construction, the partnership plans to acquire 51% of the shares and corresponding claims of the project company held by Hainan Sunac. After the acquisition is completed, the project company is a holding subsidiary of the company, and the company develops and constructs the project.