Core Viewpoint - Ruian Real Estate announced a related party transaction involving the sale of a property to the family of its executive director and CEO, Wang Ying, for approximately 30.5 million yuan (about 33.56 million HKD) [1][2]. Group 1: Transaction Details - The property sold has a net asset value of approximately 25.14 million yuan (about 27.66 million HKD), resulting in an expected profit of about 5.36 million yuan (approximately 589.9 thousand HKD) for Ruian Real Estate [1]. - The gross profit margin from this transaction is approximately 17.58% [3]. - The property is located in the Huangpu District of Shanghai, specifically at 118 Huaihai Middle Road, and is part of the Taipingqiao project, with a total construction area of about 78,000 square meters [3]. Group 2: Market Context - The property is part of the fifth phase of the Cuihu Tiandi project, which consists of 244 units, with sales commencing in June 2020 and October 2021 at an average price of 165,000 yuan per square meter [3][7]. - The sale price reflects the price approved by government authorities, indicating no increase or decrease from the pre-sale certificate price [5]. - Recent transactions in the Cuihu Tiandi project show that the property sold to Wang Ying's family is priced similarly to four to five years ago, despite current market prices being higher [7].
单价14.26万元/平方米:瑞安房地产卖房给CEO家属