Zhi Tong Cai Jing·2026-01-16 09:03Core Viewpoint - Ruian Real Estate (00272) has announced the acquisition of land use rights in Minhang District, Shanghai, for a total consideration of RMB 664.3 million (approximately HKD 739 million), which is expected to enhance the company's land reserves and market share in the Shanghai residential market [1]. Group 1 - The acquisition involves a land use rights transfer contract signed by the company's indirect non-wholly owned subsidiary, Shanghai Zhaolou, on January 16, 2026 [1]. - The acquired land is part of the Zhaojialou project, which is positioned as a redevelopment initiative, and is conveniently located near major transportation routes, including the Shanghai Shenjiahu Expressway and the Shanghai North-South Elevated Road [1]. - The project aims to preserve the unique historical and cultural aspects of Pujiang Town in Minhang District and is anticipated to become a new landmark in Shanghai [1]. Group 2 - The company believes that this acquisition will strategically supplement its land reserves, thereby increasing its market share and influence in the Shanghai residential market [1]. - The acquisition is expected to solidify the company's leading position in the urban renewal sector in Shanghai and is projected to generate significant property sales revenue, enhancing the company's financial standing [1].