Mar 30, 2021 11:30 AM (GMT+8) · EqualOcean
On March 28, COSCO Capital Co., Ltd. (hereinafter referred to as "COSCO capital") announced that it would sign a cooperation agreement with red star Macalline Holding Group Co., Ltd., and the two sides would launch strategic cooperation with Chongqing Red Star Macalline Enterprise Development Co., Ltd. (hereinafter referred to as "Red Star Enterprise development") and its subordinate Red Star real estate sector (excluding Red Star real estate sector). This time, COSCO capital acquired 18% of the equity of red star enterprise development through strategic shareholding, and the consideration for equity transfer is RMB 1.03 billion. After the shareholding, the two sides will carry out further strategic cooperation. The rumor that the "20 billion yuan" consideration is not true. According to the agreement, COSCO capital, as a strategic investor, will join hands with red star real estate to establish and improve the strategic cooperation mechanism, integrate the advantages of both sides, and constantly expand the scope and depth of cooperation.