Ge Long Hui·2025-09-26 14:19Core Insights - Yuexiu Property (00123.HK) announced a cooperation agreement to acquire 50.5% equity in a project company from Hangzhou Binjiang Real Estate Group and Hangzhou Binde Real Estate Development Co., Ltd. [1] - The total consideration for the acquisition includes a share transfer price of RMB 404 million, estimated interest of RMB 1,699,175, and estimated shareholder loans of RMB 394 million [1] - The project company is specifically established for the development of a residential site located in Yuhang District, Hangzhou, with a total land area of 36,496 square meters [1] Summary by Sections Acquisition Details - The buyer, Hangzhou Yuelong Real Estate Development Co., Ltd., is an indirect non-wholly owned subsidiary of Yuexiu Property [1] - Upon completion, the buyer and seller will hold 50.5% and 49.5% equity in the project company, respectively [1] - The shareholder loan proportions will also reflect the equity holdings, with the buyer providing 50.5% and the seller 49.5% [1] Financial Considerations - The total payment includes: - Share transfer price: RMB 404 million - Estimated interest: RMB 1,699,175 - Estimated shareholder loans: RMB 394 million [1] - The amounts are determined based on the total land transfer fee and the project company's funding [1] Project Overview - The project company focuses on real estate development and operations, specifically for the residential site [1] - The target site is strategically located in Yuhang District, benefiting from well-established commercial, educational, and transportation infrastructure [2] - The seller is a leading real estate company in Hangzhou, known for its quality and strong customer reputation, which is expected to enhance the development efficiency and resource allocation of the target site [2]