Dec 17, 2021 06:50 PM (GMT+8) · EqualOcean
China Merchants Shekou announced that Shanghai Merchants real estate, a wholly-owned subsidiary of the company, intends to participate in the investment in Shanghai urban renewal guidance fund as one of the limited partners. The raising scale of Shanghai urban renewal guidance fund is 10.002 billion yuan. The investment field focuses on urban renewal projects such as old city reconstruction, historical feature protection and rental housing in Shanghai. Shanghai Merchants real estate subscribed 2 billion yuan, accounting for 19.996% of Shanghai urban renewal guidance fund.