Core Viewpoint - Beijing Urban Development Group and Beijing Construction Investment Development Co. are divesting their stakes in Beijing Science and Technology Park Construction Group, indicating a strategic shift amid declining performance and changing market conditions [1][2][11]. Group 1: Company Background - Beijing Science and Technology Park Construction Group, established in 1999, is a state-owned enterprise known for developing the Zhongguancun Science Park and focusing on industrial park operations and technology real estate [1][4]. - The company has four major shareholders, with Beijing State-owned Assets Management Company holding 69.93%, followed by Jiangsu Bank Suzhou Branch at 17.45%, and the two divesting shareholders, Beijing Urban Development and Beijing Construction Investment, holding 3.38% and 9.24% respectively [5][11]. Group 2: Recent Developments - The divestment aims to optimize asset structure and resource allocation, enhancing operational efficiency as stated by the divesting shareholders [1][2]. - The performance of Beijing Science and Technology Park Construction Group has been declining, with a reported revenue of 70.67 billion yuan in 2024, down 5.99% year-on-year, and a net loss of 54.02 billion yuan [11]. Group 3: Market Context - The divestment occurs against a backdrop of new requirements for state-owned enterprises in Beijing and a significant downturn in the real estate market, marking a critical juncture for the company [2][11]. - The exit of the two state-owned shareholders reflects a broader trend of state-owned enterprises focusing on core businesses and reducing involvement in less efficient operations, aligning with the directive from the State-owned Assets Supervision and Administration Commission [11].