[ET Net News Agency, 22 October 2021] Shenzhen International Holdings Limited (00152)
said XTC Company (an indirect wholly-owned subsidiary of the company) proposes to dispose
of its 35.7% equity interest in United Land Company through public tender at the SUPX. The
base price of transfer is approximately RMB2,788 million.
United Land Company is principally engaged in property development and holds the land
use rights of the land parcels (located at Minzhi Road, Longhua District, the outside of
Meilin Checkpoint, Shenzhen, the PRC) of the Meilin Checkpoint Urban Renewal Project, and
is responsible for developing this project. (RC)