智通财经网·2025-08-01 13:55Core Viewpoint - China Resources Land (01109) announced a joint venture agreement with Shanghai Nanfang to jointly bid for the equity and debt of target companies, with a total consideration of approximately RMB 24.47 billion [1] Group 1: Acquisition Details - The joint venture will acquire 100% equity and debt of four target companies, including Shanghai Xinjizhou Enterprise Development Co., Ltd. and others [1] - The payment will be made by Shanghai Hongzhe and Shanghai Nanfang in a ratio of 90% and 10%, respectively [1] - The acquisition will be conducted in a bundled manner [1] Group 2: Strategic Importance - Shanghai is identified as a strategic key city for the company, enhancing its market presence [1] - The projects involved, Yaohua Road and Yuqingli, are located in core areas of Shanghai, indicating significant market potential [1] - The Yuqingli project's commercial area is situated near landmark buildings, offering great potential for developing a unique commercial district [1] Group 3: Long-term Strategy - The acquisition aligns with the company's long-term development and investment strategy [1] - It aims to strengthen and enhance the company's market share, competitiveness, and brand in Shanghai [1] - The deal is expected to provide ongoing investment returns and increase the company's commercial influence [1]