智通财经网·2025-09-05 10:08Group 1 - The core point of the article is that China State Construction (601668.SH) has approved its subsidiary China Overseas Development (00688) to invest in a real estate development project in Xuhui District, Shanghai [1] - China Overseas Development's subsidiary, China Overseas Enterprise Development Group Co., Ltd., along with Shanghai Hongrun Real Estate Co., Ltd. and Hangzhou Travel Investment Real Estate Development Co., Ltd., has jointly acquired 90% equity and related debts of Shanghai Xindong'an Enterprise Development Co., Ltd. and Shanghai Xinbai'an Economic Development Co., Ltd. [1] - The total transaction price for this acquisition is approximately 15.478 billion yuan, with China Overseas Enterprise Development purchasing 50.5% equity and related debts of Xindong'an for 7.341 billion yuan and 30.5% equity of Xinbai'an for 0.812 billion yuan [1] Group 2 - The project is located in Xuhui District, Shanghai, covering a total area of approximately 134,100 square meters and a total construction area of about 534,100 square meters [1] - The planned uses for the project include residential, commercial, office, and research design [1]