智通财经网·2026-02-13 11:50Group 1 - The company, Yuexiu Property, announced the acquisition of a 65.35% stake in Hangzhou Binwan Real Estate Development Co., Ltd. through its indirect non-wholly owned subsidiary, Hangzhou Yuejia, and Zhejiang Jianhang [1][2] - The total consideration for the acquisition includes a capital contribution of RMB 282.8 million, interest payable of approximately RMB 1.6378 million, and shareholder loans totaling approximately RMB 316 million [1] - The project company is specifically established for the development of a residential site located in Xiaoshan District, Hangzhou, covering a total area of 28,869 square meters [2] Group 2 - A joint venture will be established within 20 working days from the cooperation agreement date, with a registered capital of RMB 560 million, where the seller will hold 49.50% and Hangzhou Yuejia will hold 50.50% [2] - The project company will not engage in any other business apart from the residential development of the target site, which is strategically located with strong commercial, educational, and transportation infrastructure [2] - The acquisition is expected to enhance the development efficiency and resource allocation for the target site, contributing positively to the company's overall operational scale and financial performance [3]