Zhi Tong Cai Jing·2025-09-05 09:57Group 1 - The company China Overseas Development (00688) announced a property acquisition agreement involving the purchase of 50.5% equity and related debt of Company A (Shanghai Xindongan) and 30.5% equity of Company B (Shanghai Xinbai'an) for approximately RMB 73.41 billion and RMB 8.12 billion respectively [1][2] - Company A and Company B are both limited companies established in China, primarily engaged in property development and investment, holding land in the Dong'an project located in Xuhui District, Shanghai [1][2] - The acquisition aligns with the company's core business strategy, enhancing its market share and brand influence in Shanghai, a key area for strategic development [2] Group 2 - The Dong'an project is strategically located in a prime area of Shanghai, benefiting from excellent infrastructure and transportation access to surrounding commercial districts [2] - The joint bidding approach allows the company to leverage contributions from other bidders, successfully acquiring the assets while diversifying investment risks [2]