Core Viewpoint - Several real estate companies are reported to be selling assets to address financial challenges and optimize their operations [1][2]. Group 1: Rongwanjia's Debt Settlement - Rongwanjia announced a debt settlement framework agreement with its major shareholder, Rongsheng Development, involving the sale of properties to offset a debt balance of approximately 1.07 billion yuan [2][3]. - The properties to be sold include 12,700 parking spaces, 5,479 storage units, and 112 residential, apartment, and commercial units across various provinces [3]. - Following the acquisition, the company's inventory is expected to increase by about 1.07 billion yuan, while accounts receivable will decrease by the same amount, potentially enhancing revenue and cash flow from future property sales [3][4]. Group 2: China Communications Real Estate's Asset Sale - China Communications Real Estate announced a major asset sale plan, proposing to transfer its real estate development assets and liabilities to its controlling shareholder for a nominal price of 1 yuan [5][6]. - This transaction aims to shift the company's focus towards property services and asset management, facilitating a strategic transition to a light asset operation model [5][6]. - The company has been facing continuous losses in its real estate development business, with a reported net asset deficit of approximately 357.89 million yuan by the end of 2024, indicating a risk of delisting [6].

Core Viewpoint - Several real estate companies are reported to be selling assets to address financial challenges and optimize their balance sheets [1]. Group 1: Rongwanjia's Debt Settlement - Listed property company Rongwanjia (02146.HK) announced a debt settlement framework agreement with its major shareholder Rongsheng Development (002146), involving the sale of properties to offset a debt balance of approximately 1.07 billion yuan [2][5]. - The properties to be sold include 12,700 parking spaces, 5,479 storage units, and 112 residential, apartment, and commercial units across various provinces [5]. - The agreement stipulates that the purchase price for the properties will offset the debt balance, resulting in an increase of approximately 1.07 billion yuan in inventory and a corresponding decrease in accounts receivable [6]. Group 2: China Communications Real Estate's Asset Sale - China Communications Real Estate announced a major asset sale plan, proposing to transfer its real estate development-related assets and liabilities to its controlling shareholder for a nominal price of 1 yuan [3][8]. - This transaction aims to focus the company on property services and asset management, transitioning to a light asset operation model [8]. - The company has been facing continuous losses in its real estate development business, with a reported net asset deficit of 3.579 billion yuan by the end of 2024, prompting the need to divest loss-making assets [9].