隧道股份：下属企业参股投资上海市普陀区地块项目

Core Viewpoint - Tunnel Corporation (隧道股份) announced that its wholly-owned subsidiary, Shanghai Ruiteng International Real Estate Co., Ltd. (瑞腾置业), has jointly acquired the state-owned land use rights for two plots in Putuo District, Shanghai, in collaboration with its related party, Shanghai Urban Construction Real Estate Development Co., Ltd. (城建置业) [1] Group 1 - The project company, Shanghai Ruizhen Huicheng Real Estate Co., Ltd. (上海瑞臻汇诚置业有限公司), will be established with a registered capital of 2.5 billion yuan, with Ruiteng contributing 1.225 billion yuan for a 49% stake and Urban Construction contributing 1.275 billion yuan for a 51% stake [1] - The total investment for the Putuo District project is 7.714 billion yuan, with Ruiteng investing 3.78 billion yuan (49% stake) and Urban Construction investing 3.934 billion yuan (51% stake) [1] - The transaction constitutes a related party transaction as both companies are controlled by Shanghai Urban Construction (Group) Co., Ltd. [1]