“退房”棋局落定！珠海免税拟转让格力房产100%股权

Core Viewpoint - Zhuhai免税集团 is actively restructuring its business by divesting from real estate and focusing on its core duty-free business, with significant asset swaps and sales planned to complete this transition [1][2] Group 1: Asset Transfer and Restructuring - On October 21, Zhuhai免税集团 announced the transfer of 100% equity in Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Toujie Holdings Co., Ltd. for cash, marking a significant step in its asset restructuring [1] - The transaction is expected to constitute a major asset restructuring but will not change the company's controlling shareholder or actual controller [1] - The company aims to accelerate its exit from the real estate sector and focus on its duty-free and large consumer businesses [1][2] Group 2: Financial Performance and Future Plans - As of June 30, 2025, the company's real estate-related inventory has a book value of approximately 7.8 billion yuan [2] - In the first half of the year, the duty-free business segment generated revenue of 1.131 billion yuan, with a net profit of 391 million yuan and a net cash flow from operating activities of 456 million yuan [2] - The company has committed to an orderly exit from real estate over five years and will not engage in new real estate development [2]