Xinming China Holdings Ltd., listed under stock code 2699, is actively progressing with its real estate ventures, particularly focusing on the Shandong Project. The company has announced that the construction of Block 9 and 16 of phase 4 is proceeding as planned, with an expected delivery date set for September 2025. In a strategic move to enhance value and accelerate sales, Xinming is in the process of identifying and negotiating with new investors for renovation works in Shanghai and Taizhou. Additionally, the company is formulating preliminary terms with large property developers to sell individual property development projects or entire commercial properties at favorable prices. These efforts aim to boost cash inflows and optimize the company's real estate portfolio.
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