Core Viewpoint - The company, Zhonghua Enterprise, successfully acquired 100% equity of Shanghai Xin Feng An Enterprise Development Co., Ltd. for a total price of 2.987 billion yuan, enhancing its project reserves and aligning with its strategic development needs [1][2]. Group 1: Acquisition Details - Zhonghua Enterprise's wholly-owned subsidiary, Shanghai Lanzuan Real Estate Co., Ltd., partnered with a subsidiary of Chenjia Development Group to form a consortium for the acquisition [1]. - The company invested 2.091 billion yuan to acquire 70% equity and corresponding debts of Xin Feng An [1]. - The acquired land is part of the Xuhui Dong'an Old Renovation Project, which is a significant urban renewal initiative in Shanghai [1]. Group 2: Financial Position - As of June 30, 2025, the company reported cash reserves of 17.814 billion yuan, significantly exceeding its short-term interest-bearing liabilities [2]. - This financial strength supports the successful acquisition of the Dong'an land and ensures adequate funding for high-standard construction and quality delivery [2]. Group 3: Strategic Development - The company aims to explore urban living service sectors and deepen its market expansion mechanisms [2]. - Zhonghua Enterprise is committed to becoming a significant player in urban renewal comprehensive development and operation in Shanghai, contributing to urban development [2].
中华企业:将深度参与合作建设“沈家里”地块