Core Viewpoint - The ninth batch of land auctions in Shanghai for 2025 has launched 9 residential plots with a starting total price of approximately 16.9 billion yuan, reflecting a continued strategy to stabilize market expectations [1] Group 1: Auction Details - A total of 8 plots were successfully sold in the morning session, generating approximately 15.6 billion yuan in revenue [1] - The participating entities in this round of land auctions primarily include established real estate companies, local state-owned enterprises, and private enterprises [1] - The plots generally require the provision of 5% public rental housing or elderly care facilities, with a floor area ratio mostly capped at 2.5 [1] Group 2: Notable Transactions - China Overseas Land & Investment acquired the Yangpu Dongtan plot at the base price [1] - Dahua and Jinmao secured the Baoshan Gaojing and Miaohang plots, respectively [1] - The Pudong Chuansha plot underwent 82 rounds of bidding, ultimately being won by Shanghai Jiayun Real Estate's wholly-owned subsidiary for 2.47541 billion yuan, with a premium rate of 15.76% and a residential floor price of approximately 29,900 yuan per square meter [1] Group 3: Upcoming Auctions - An auction for the Qingpu Xujing Dahongqiao plot is scheduled for 14:00, with a starting floor price of 30,000 yuan per square meter [1]

Core Viewpoint - China Jinmao announced the proposed sale of its 100% stake in Jinmao (Sanya) Tourism Co., Ltd. for asset securitization purposes, with a listing price of RMB 2.265 billion [1] Group 1: Company Overview - The target company primarily holds the Ritz-Carlton Hotel in Sanya, which is a five-star hotel that opened in 2008 and has 446 guest rooms and suites [1] Group 2: Transaction Details - The sale is currently open for bidding at the Beijing Property Exchange, and as of the announcement date, no buyer has been determined for the 100% stake [1] - After identifying the buyer, Shanghai Jinmao will sign a property transaction contract with them, and the sale is expected to be a disclosed transaction under the Hong Kong Stock Exchange Listing Rules Chapter 14 [1]

Core Viewpoint - China Jinmao is selling its hotel asset in Sanya to achieve asset securitization, with a listing price of 2.265 billion yuan [2][3]. Group 1: Sale Announcement - China Jinmao announced the sale of 100% equity in Jinmao (Sanya) Tourism Co., Ltd., which primarily holds the Ritz-Carlton Hotel in Sanya [2][3]. - The hotel, a five-star establishment, has 446 rooms and suites, including 51 executive rooms and suites, and 33 private villas [3]. Group 2: Financial Data - As of August 31, 2025, Jinmao Sanya (Tourism) Co., Ltd. is projected to have a revenue of approximately 236 million yuan and a net profit of 37.78 million yuan [3]. - The previous sale of the Hilton Hotel in Sanya occurred last year, indicating a trend in asset divestiture by China Jinmao [3]. Group 3: Sale Process and Valuation - The sale process is conducted through public listing on the Beijing Property Exchange, with the announcement period ending on December 12, 2024 [4]. - Hainan Lichi Consulting Co., Ltd. has been identified as the potential buyer, agreeing to a total transfer price of 1.849 billion yuan [4]. - The valuation report estimates the Hilton Hotel's worth at 1.606 billion yuan, highlighting the need for ongoing renovations due to aging facilities [4]. Group 4: Strategic Implications - The sale is viewed as an opportunity to optimize cash flow and improve the overall financial condition of the group, allowing for potential new investment opportunities [5]. - As of November 24, China Jinmao's stock price was 1.47 HKD per share, reflecting a 0.68% increase [5].

Group 1 - The core viewpoint of the news highlights a collective rise in Hong Kong property stocks, driven by positive government policies and market sentiment [1] - Guangzhou is actively promoting the acquisition of existing residential properties for use as affordable housing, while multiple regions continue to implement relaxation policies [1] - The Ministry of Housing and Urban-Rural Development held a national urban renewal work promotion meeting, emphasizing the need for tailored, innovative approaches in planning, funding, operations, and governance [1] Group 2 - A research report from Shenwan Hongyuan expresses optimism about the new "good housing" sector and the revaluation of shopping center values, maintaining a "positive" rating [1] - The report suggests that while the real estate sector in China will continue to stabilize, core cities are expected to see a turnaround sooner [1] - Two major opportunities are identified: the elevation of "good housing" policies, which could shift real estate companies from finance to manufacturing, and the strong performance of quality commercial enterprises during a monetary easing cycle, leading to potential revaluation of consumer-oriented commercial real estate assets [1]

Group 1 - The core point of the article is that China Jinmao plans to sell its 100% stake in Jinmao (Sanya) Tourism Co., Ltd. for 2.265 billion yuan as part of an asset securitization strategy [1] - The sale involves the Ritz-Carlton Hotel located in Sanya, which is one of the early luxury resort hotels established by the Ritz-Carlton brand in China [1] - The announcement has been officially listed on the Beijing Property Exchange with a starting price of 2.265 billion yuan [1][2] Group 2 - The transfer is being conducted by Shanghai Jinmao Investment Management Group Co., Ltd., and the approval unit for the transfer is China National Chemical Corporation [2] - The listing period for the sale is set for 20 days, starting from November 21, 2025, and the auction will be conducted through online bidding [2] - The original shareholders of the target company have waived their right of first refusal regarding the sale [2]

Major Events - Fosun Pharma (02196) has had its drug registration application for Fumainin® accepted [1] - Hengrui Medicine (01276) has received approval for clinical trials of 9 drugs [1] - China Jinmao (00817) subsidiary plans to sell 100% equity of Jinmao (Sanya) Tourism Co., Ltd. with a base price of 2.2646 billion yuan [1] - Boleton (01333) has launched a new unmanned mining truck [1] - CSPC Pharmaceutical Group (01093) has received clinical trial approval for selective 5-HT2A receptor agonist (SYH2056 tablets) in China [1] - Beijing Automotive (01958) plans to sell 51% equity of Beiqi International for approximately 1.608 billion yuan [1] - CITIC Bank (00998) has received approval for its wholly-owned subsidiary, Xinyin Jintou, to commence operations [1] Operating Performance - Miniso Group (09896) reported a third-quarter adjusted net profit of 767 million yuan, an increase of 11.7% year-on-year [1] - Puda Tech (00650) achieved sales revenue of approximately 77.568 million Hong Kong dollars in the first half, securing significant orders for several core semiconductor equipment products [1] - Youju Holdings (01948) reported total billing of approximately 11.863 billion yuan from online marketing solutions in the first nine months, a year-on-year increase of about 35.3% [1] - Nanxuan Holdings (01982) announced a mid-term profit attributable to shareholders of 336 million Hong Kong dollars, a year-on-year growth of 12.7% [1] - International Commercial Settlement (00147) issued a profit warning, expecting a year-on-year increase of approximately 72% in mid-term comprehensive net loss [1]

Core Viewpoint - China Jinmao (00817) plans to sell 100% equity of its subsidiary, Jinmao (Sanya) Tourism Co., Ltd., for asset securitization purposes, with a listing price of RMB 2.2646 billion on the Beijing Property Exchange [1] Group 1: Company Overview - The target company primarily holds the Ritz-Carlton Hotel in Sanya Yalong Bay, a five-star hotel that opened in 2008 and features 446 guest rooms and suites [1]

Core Viewpoint - China Jinmao (00817.HK) plans to sell 100% equity of its subsidiary, Jinmao (Sanya) Tourism Co., Ltd., for asset securitization purposes, with a starting price of RMB 2.265 billion [1] Group 1: Company Details - The target company primarily holds the Ritz-Carlton Hotel in Sanya Yalong Bay, a five-star hotel that opened in 2008 and features 446 guest rooms and suites [1] - As of the announcement date, no buyer has been determined for the 100% equity stake, and no binding agreements have been established regarding the proposed sale [1]

Core Viewpoint - China Jinmao (00817) plans to sell 100% equity of its subsidiary, Jinmao (Sanya) Tourism Co., Ltd., for asset securitization purposes, with a listing price of RMB 2.2646 billion [1] Group 1 - The subsidiary is primarily holding the Ritz-Carlton Hotel in Yalong Bay, Sanya, which is a five-star hotel that opened in 2008 and has 446 guest rooms and suites [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告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 China Jinmao Holdings Group Limited 中國金茂控股集團有限公 司 （於香港註冊成立的有限公司） （股票代號：00817） 香港，2025年11月21日 提示性公告 中國金茂控股集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司全資附 屬公司上海金茂投資管理集團有限公司（「上海金茂」）基於資產證券化之目的擬出 售其所持金茂（三亞）旅業有限公司（「目標公司」）100%股權（「擬議出售」），並已 就擬議出售於北京產權交易所進行公開掛牌，掛牌底價為人民幣2,264.60百萬元。 目標公司主要持有金茂三亞亞龍灣麗思卡爾頓酒店，該酒店為一家五星級酒店， 於2008年開業，擁有446間客房及套房。 於本公告之日，尚未根據公開掛牌的競價程序確定目標公司100%股權的受讓方及 擬議出售的對價，亦未就擬議出售訂立任何有約束力的協議。 在確定目標公司100%股權的受讓方後，上海金茂將 ...