项目公司的主要业务为房地产发展及营运。项目公司由卖方特意为开发目标地块而新成立。目标地块位 于中国杭州市余杭区，总地盘面积为36,496平方米，将发展作住宅用途。除了开发目标地块发展作住宅 用途出售外，项目公司预期不会参与任何其他业务。 董事们认为，与卖方的合作将提升目标地块的开发效率及资源配置。 买方应付代价总额包括(i)股权转让代价人民币4.04亿元;(ii)利息(预计金额为约人民币169.92万元);及(iii) 股东贷款(预计金额为人民币3.94亿元)。该金额乃根据总土地出让金及项目公司资金的50.5%(即买方于 完成后于项目公司的股权)，连同应付卖方的利息厘定。 越秀地产(00123)公布，于2025年9月26日，买方(该公司的间接非全资附属公司杭州越珑房地产开发有限 公司)与卖方杭州滨江房产集团股份有限公司及项目公司杭州滨德房地产开发有限公司订立合作协议， 据此，在达成先决条件前提下，卖方同意向买方出售项目公司的50.5%股权。于完成后，买方及卖方将 分别持有项目公司50.5%及49.5%股权，及买方及卖方向项目公司提供的股东贷款的比例将分别为50.5% 及49.5%。 ...

Core Viewpoint - The company has entered into a cooperation agreement to acquire a 50.5% stake in a project company focused on real estate development in Hangzhou, China, which is expected to enhance development efficiency and resource allocation [1][2] Group 1: Transaction Details - The buyer, an indirect non-wholly owned subsidiary of the company, will pay a total consideration of approximately RMB 404 million for the equity transfer [1] - The total consideration includes an estimated interest of about RMB 1.6992 million and expected shareholder loans of RMB 394 million [1] - After the completion of the transaction, the buyer and seller will hold 50.5% and 49.5% stakes in the project company, respectively [1] Group 2: Project Company Overview - The project company is specifically established by the seller for the development of a targeted land parcel located in Yuhang District, Hangzhou [1] - The total land area for the targeted parcel is 36,496 square meters, intended for residential development [1] - The project company is expected to focus solely on the residential development of the targeted land and will not engage in any other business activities [1]