Core Viewpoint - Baolong Properties has entered into a cooperation agreement to sell 100% equity of Hangzhou Huazhan Real Estate Development Co., Ltd. to Lianshang No. 1, Lishui Lianjia, and Tianjin Yuanjian, marking a strategic divestment of assets valued at 2.45 billion yuan with an initial transaction price of 1 billion yuan [1][3]. Group 1 - The transaction involves the Hangzhou Binjiang Baolong City Shopping Center and the Hangzhou Binjiang Baolong Yijun Hotel, with the estimated net proceeds from the equity transfer being approximately 999.7 million yuan [3]. - The company plans to allocate 45% of the proceeds for property development, 20% for general operating expenses, 15% for tax expenses, and 20% for restructuring costs both domestically and internationally [3]. - Baolong Properties retains a buyback option for the target company and projects, allowing it to regain ownership and control based on future strategic needs [3]. Group 2 - The Hangzhou Baolong City complex has a total construction area of 400,000 square meters, including hotel-style apartments, a shopping center, a 199-meter super high-grade office building, and commercial street areas [3]. - The Binjiang Baolong City Shopping Center opened in December 2016, attracting over 220,000 visitors on its first day and achieving sales exceeding 3 billion yuan in 2022, with projected sales of 3.3 billion yuan in 2024 [4]. - The operational net income for the Binjiang Baolong City for the years 2023, 2024, and the first eight months of 2025 is projected to be 231 million yuan, 232 million yuan, and 156 million yuan, respectively [4].
杭州滨江宝龙城正式易主