Core Viewpoint - Huafa Group announced the sale of its wholly-owned subsidiary, Shenzhen Ronghua Real Estate Investment Co., Ltd., which holds seven commercial land parcels in the Qianhai Ice and Snow World project for 4.405 billion yuan, aimed at optimizing resource allocation and enhancing cash flow [1] Group 1 - The transaction involves the recovery of funds exceeding 4 billion yuan, which will help Huafa Group mitigate market risks associated with ongoing development [1] - The land parcels are located in the Qianhai Cooperation Zone, specifically at the intersection of Exhibition City and other key roads [1] - This strategic move is expected to support Huafa Group's long-term high-quality development by facilitating a "tenglong huan niao" (exchange of old for new) approach [1]
华发股份旗下七块商业用地拟被收储预计回笼资金超40亿元