股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 瑞安房地產有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00272 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 12,000,000,000 | USD | | 0.0025 USD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 12,000,000,000 | USD | | 0.0025 USD | | 30,000,000 | 本月底法定/註冊股本總額： USD 30, ...

Core Viewpoint - The collaboration between Ruian Real Estate and local state-owned enterprises in Shanghai's urban renewal project is expected to set a new benchmark for urban revitalization, showcasing the importance of diverse participation in enhancing regional vitality and value [1][2][6]. Company Summary - Ruian Real Estate has announced a significant partnership with three state-owned enterprises in Shanghai, forming a joint venture to focus on urban renewal projects [2][5]. - The newly established joint venture has a registered capital of 2.32 billion yuan, with total capital commitments amounting to approximately 9.162 billion yuan, positioning it among the largest urban renewal projects in Shanghai in recent years [6]. - Ruian Real Estate's actual equity in the joint venture is 13.26%, with a capital contribution of 3.573 billion yuan [6]. Industry Summary - The joint venture aims to develop the Sanlin project in the Pudong New Area, which is expected to cover a total construction area of approximately 723,900 square meters, primarily for residential and commercial use [7]. - The Sanlin project is anticipated to become a landmark urban renewal project, following successful examples like the Pandong Tiandi, which has shown significant market potential [8]. - The collaboration reflects a broader trend in Shanghai's urban renewal efforts, where diverse partnerships are increasingly seen as essential for overcoming funding gaps and development challenges [9][10].

Core Viewpoint - The collaboration between Ruian Real Estate and local state-owned enterprises in Shanghai's urban renewal project is expected to set a new benchmark for urban revitalization in the region, highlighting the importance of diverse participation in enhancing regional vitality and value [1][5][9]. Group 1: Project Overview - Ruian Real Estate announced a significant partnership with three state-owned enterprises to establish a joint venture for urban renewal in the Sanlin area of Pudong, Shanghai [2][4]. - The joint venture has a registered capital of 2.32 billion yuan, with a total capital commitment of approximately 9.162 billion yuan, making it one of the largest urban renewal projects in Shanghai in recent years [4][6]. - The project site covers approximately 723,900 square meters, primarily designated for residential and commercial use, and will encompass a full range of real estate development and management services [7][8]. Group 2: Strategic Implications - The partnership is seen as a strong integration of resources, combining Ruian's extensive experience in urban renewal with the local advantages of state-owned enterprises in resource integration and policy alignment [5][9]. - The Sanlin project is anticipated to enhance Ruian's position in the urban renewal sector in Shanghai, contributing positively to its property sales revenue and overall financial health [7][8]. - The project is expected to revitalize the Sanlin area, injecting new commercial vitality and cultural significance, potentially becoming a landmark project following Ruian's previous successes [8][9]. Group 3: Industry Trends - The Sanlin project reflects a broader trend in Shanghai's urban renewal efforts, where collaborative models involving both state and private capital are becoming increasingly common to address funding gaps and development challenges [9][10]. - Experts suggest that sustainable urban renewal requires a combination of government guidance, market mechanisms, and public participation to attract more social capital and enhance project viability [9][10]. - The emergence of projects like Sanlin is indicative of a shift towards a multi-stakeholder approach in urban renewal, moving away from traditional single-developer models [10].

Core Viewpoint - The article discusses the financial struggles of Hong Kong entertainment company Emperor Group, which is facing a debt crisis of HKD 16.6 billion, prompting its artists to engage in unusual promotional activities to help repay debts [1][2]. Group 1: Debt Crisis and Market Trends - Emperor Group's debt crisis is a reflection of broader challenges faced by Hong Kong real estate companies, which have been reducing their operations in mainland China [1][2]. - The article highlights a significant trend of Hong Kong real estate firms, such as Hongkong Land, downsizing their workforce and operations in mainland China, marking a shift from their previously robust presence [1][2]. Group 2: Historical Performance of Hong Kong Real Estate Firms - Hong Kong real estate companies were once known for their aggressive land acquisitions, setting records for land prices, such as Hongkong Land's acquisition of a site in Shanghai for approximately HKD 31.05 billion in 2020 [4]. - The sales performance of projects developed by Hong Kong firms has been strong, with examples like New World Development's Guangzhou project achieving a record average price of CNY 21,800 per square meter [5][6]. Group 3: Strategic Adjustments and Future Directions - Many Hong Kong real estate firms are now actively adjusting their strategies, with some opting for joint developments to leverage local expertise and resources [20]. - The shift towards a "light asset" model is emerging as a new opportunity for Hong Kong firms, allowing them to maximize their brand and operational capabilities while minimizing capital investment [23][24]. - Companies like Swire Properties and New World Development are exploring light asset collaborations to enhance their operational efficiency and financial stability [24][27]. Group 4: Market Dynamics and Competitive Landscape - The article notes that the competitive landscape in the mainland real estate market has intensified, prompting Hong Kong firms to adapt by improving their development speed and project management [16][19]. - The ongoing adjustments by Hong Kong real estate firms reflect a broader trend of market recalibration, where firms that embrace change are finding new opportunities amidst challenges [28].

该地块包括位于中国上海市浦东新区三林镇西林村的地块。该地块的总建筑面积约为72.39万平方米。 预期该地块将主要用于住宅及商业用途。 三林古镇拥有丰富的文化遗产与风景优美的滨河步道，为集团提供绝佳契机，以透过在上海最具活力的 经济引擎-浦东新区打造新地标，巩固公司在城市更新及商业发展领域的领先地位。邻近的高科技产业 园及前滩中央商务区聚集着大批中高收入年轻人群及家庭在此奋斗，公司预期该区域对中高档住宅产品 的需求将十分强劲。 三林项目将有助本集团强化城市更新产品线。集团预期成立合营公司将进一步巩固本集团于上海城市更 新领域的领先地位，带来不俗的物业销售收入，并强化本集团的财务状况。 瑞安房地产(00272)发布公告，于2025年11月19日，上海瑞安城市更新(本公司的附属公司)与上海陆家 嘴、上海市浦东房地产及上海三林就合营公司(拟用名称为上海三林新天地（301277）城市更新建设有 限公司)的合营安排订立股东协议。合营公司预期在位于中国上海市浦东新区三林镇西林村的该地块上 进行更新发展项目。 合营公司将由上海陆家嘴、上海瑞安城市更新、上海市浦东房地产及上海三林分别拥有40%、39%、 11%及10%。 ...

该地块包括位于中国上海市浦东新区三林镇西林村的地块。该地块的总建筑面积约为72.39万平方米。 预期该地块将主要用于住宅及商业用途。 三林古镇拥有丰富的文化遗产与风景优美的滨河步道，为集团提供绝佳契机，以透过在上海最具活力的 经济引擎-浦东新区打造新地标，巩固公司在城市更新及商业发展领域的领先地位。邻近的高科技产业 园及前滩中央商务区聚集着大批中高收入年轻人群及家庭在此奋斗，公司预期该区域对中高档住宅产品 的需求将十分强劲。 三林项目将有助本集团强化城市更新产品线。集团预期成立合营公司将进一步巩固本集团于上海城市更 新领域的领先地位，带来不俗的物业销售收入，并强化本集团的财务状况。 智通财经APP讯，瑞安房地产(00272)发布公告，于2025年11月19日，上海瑞安城市更新(本公司的附属 公司)与上海陆家嘴、上海市浦东房地产及上海三林就合营公司(拟用名称为上海三林新天地城市更新建 设有限公司)的合营安排订立股东协议。合营公司预期在位于中国上海市浦东新区三林镇西林村的该地 块上进行更新发展项目。 合营公司将由上海陆家嘴、上海瑞安城市更新、上海市浦东房地产及上海三林分别拥有40%、39%、 11%及10%。 ...

Core Viewpoint - Ruian Real Estate (00272.HK) has announced a joint venture agreement for a development project in Shanghai, which is expected to enhance its position in urban renewal and commercial development [1] Group 1: Joint Venture Details - The joint venture agreement was signed on November 19, 2025, involving Shanghai Ruian Urban Renewal, Shanghai Lujiazui, Shanghai Pudong Real Estate, and Shanghai Sanlin, with ownership stakes of 40%, 39%, 11%, and 10% respectively [1] - The project site is located in Xilin Village, Sanlin Town, Pudong New District, Shanghai, with a total construction area of approximately 723,885 square meters [1] Group 2: Project Expectations - The site is anticipated to be primarily used for residential and commercial purposes, leveraging the rich cultural heritage and scenic riverside walkways of Sanlin Ancient Town [1] - The project aims to create a new landmark in one of Shanghai's most vibrant economic engines, reinforcing the company's leading position in urban renewal and commercial development [1] Group 3: Market Demand and Financial Impact - The proximity to high-tech industrial parks and the Qiantan Central Business District is expected to attract a large number of middle-to-high-income young professionals and families, leading to strong demand for mid-to-high-end residential products [1] - The establishment of the joint venture is projected to further solidify the company's leading position in Shanghai's urban renewal sector, generating substantial property sales revenue and strengthening the company's financial status [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 Shui On Land Limited 瑞安房地產有限公司 * （於開曼群島註冊成立之有限責任公司） （股份代號：272） 主要交易 達成合營安排 以進行位於中國上海市浦東新區 更新發展項目 達成合營安排 董事會欣然宣佈，於二零二五年十一月十九日，上海瑞安城市更新（本公司之附屬 公司）與上海陸家嘴、上海市浦東房地產及上海三林就合營公司的合營安排訂立股 東協議。合營公司預期在位於中國上海市浦東新區三林鎮西林村的該地塊上進行 更新發展項目（即三林項目）。 合營公司將由上海陸家嘴、上海瑞安城市更新、上海市浦東房地產及上海三林分 別擁有40%、39%、11%及10%。 上市規則之涵義 由於上市規則第14.07條項下有關本集團就該等交易的資本承諾的最高適用百分 比率超過25%但少於100%，故該等交易構成本公司主要交易，及因此須遵守上 市規則第14章項下的申報、公佈及股東批准規定。 – 1 – 根據上市規則第1 ...

Core Insights - The commercial real estate market is undergoing a deep adjustment period characterized by recovery and transformation, with renewed vitality from the recovering consumer market, yet facing persistent downward pressure, particularly in the office sector where supply-demand imbalance remains unresolved [1] - Companies are actively expanding financing channels, accelerating the implementation of public REITs for consumer infrastructure, and deepening digital transformation while exploring diversified operations to enhance operational quality and consumer experience [1] - The market is expected to remain in a dynamic process influenced by multiple variables, requiring companies to be agile in capturing consumer trends and macroeconomic changes to maintain operational resilience and strategic agility [1] Industry Developments - The industry is witnessing a shift towards innovative business models and operational restructuring to meet increasingly diverse and refined consumer demands [1] - The "Performance Index 2025 Annual Commercial Real Estate Performance" has been released by the Insights Index Research Institute to provide practical references for market participants, aiding the industry in navigating uncertainties to find certain development paths [1] Company Rankings - A list of top companies in various categories has been compiled, showcasing their performance in brand value, management capability, innovation, and digital development [4][5][9][12][15][33][36]

截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 瑞安房地產有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00272 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 12,000,000,000 | USD | | 0.0025 | USD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 12,000,000,000 | USD | | 0.0025 | USD | | 30,000,000 | 本月底法定/註冊股本總額： USD 30,000,000 FF301 股份發行人及根據 ...