Nov 30, 2021 05:29 PM (GMT+8) · EqualOcean
Financial Associated Press, Nov. 30, Greenland holdings announced that on November 29, 2021, Greenland Real Estate Group Co., Ltd. ("Greenland real estate group"), a wholly-owned subsidiary of the company, together with Shanghai real estate (Group) Co., Ltd. ("Shanghai real estate group"), a shareholder of the company, and Shanghai Urban Investment Property Management (Group) Co., Ltd. ("Shanghai urban investment assets"), a wholly-owned subsidiary of Shanghai Urban Investment (Group) Co., Ltd It is agreed that Shanghai real estate group and Shanghai City Investment Co., Ltd. intend to invest 1.5 billion yuan respectively to purchase 30% equity of Shanghai real estate Xinghong Real Estate Development Co., Ltd. ("target company") held by Greenland real estate group, with a total of 60% equity.