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RTNominal up3.380 +0.010 (+0.297%)

25/10/2021 11:31

Yuexiu Property (00123) to sell Guangzhou property

[ET Net News Agency, 25 October 2021] Yuexiu Property Company Limited (00123) said its
subsidiary Guangzhou Construction & Development Holdings (China) Limited (the vendor)
agreed to sell the property (through the sale of the sale shares representing the entire
equity interest in the target company) to the purchaser. The purchaser is Yuexiu REIT 2018
Company Limited, a SPV wholly-owned by of Yuexiu REIT (00405). The disposal consideration
was approximately RMB7,792,834,000.
The target company indirectly holds 100% of the project companies (being the registered
legal owners of the land use rights and current ownership rights underlying the property)
through the intermediary entities. The property is an International Grade A office
building, which is one of the ten tallest skyscrapers in Guangzhou and a landmark building
strategically located in the core area of Guangzhou Zhujiang New Town. (RC)

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