Group 1 - The company announced a conditional agreement to sell 100% equity of Hangzhou Huazhan Real Estate Development Co., Ltd. to Lianshang Yihua, which will result in the target company no longer being a subsidiary of the company after the transfer [1] - The target project includes a commercial complex known as Hangzhou Binjiang Baolong City shopping center and the Hangzhou Binjiang Baolong Yijun Hotel, both located in Hangzhou, Zhejiang Province, China [1] - The equity transfer is expected to improve the company's liquidity and support its daily operations and property development projects [1] Group 2 - The estimated net proceeds from the equity transfer are approximately RMB 999.7 million [2] - The company plans to allocate 45% of the proceeds for property development to ensure timely delivery, 20% for general operating expenses, 15% for tax expenses, 10% for overseas restructuring costs, and 10% for domestic restructuring costs [2]
宝龙地产拟出售杭州华展房地产开发有限公司100%股权