融创回购华发深圳冰雪世界再生变数 知情人士：尽调需要更全面

Core Viewpoint - Huafa Co., Ltd. announced the acquisition of a 51% stake in Shenzhen Ronghua Real Estate Investment Co., Ltd. from Sunac Cultural Tourism Group, with conditions for a potential buyback by Sunac [1][2]. Group 1: Acquisition Details - Huafa's wholly-owned subsidiary, Zhuhai Huafa Real Estate Development Co., Ltd., completed the acquisition in January 2023, intending to hold 100% of Ronghua after the transaction [1][2]. - The acquisition was executed in cash, and the agreement included a buyback option for Sunac, which was communicated in November 2025 [1][2]. Group 2: Buyback Conditions - Sunac's buyback option is contingent upon obtaining written consent from financing institutions within 30 working days from the confirmation of the buyback, or providing a loan to clear financing debts within 5 working days if consent is not obtained [1]. - Sunac must fulfill these conditions by January 12, 2026, but currently, both parties have not reached an agreement on the fulfillment of these conditions [1]. Group 3: Project Performance - The Shenzhen Huafa Qianhai Ice and Snow World project, recognized as the world's largest indoor ski center, opened in September 2025 and reported over 400,000 visitors in its first month of trial operation, with a peak daily attendance of over 40,000 [2].