Shui On Land Limited has announced a discloseable transaction involving the formation of a joint venture to participate in a major real estate project in Shanghai. On June 19, 2025, Shanghai Ruixinli, an indirect wholly-owned subsidiary of Shui On Land, entered into a Shareholders Agreement with Shanghai Xinfuli and the JV Company. The joint venture is set to acquire a 50% equity interest in the Project Company, which holds the land use rights for the Shanghai Project. The proposed acquisition, valued at RMB 2.89 billion, aims to develop high-quality residential and mixed-use properties. This strategic move aligns with Shui On Land's commitment to expanding its property development portfolio in the PRC.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.