CCCG Real Estate (000736.SZ) plans to transfer assets and liabilities related to the real estate development business to the controlling shareholder of the company.

CCCG Real Estate (000736.SZ) announced that the company plans to transfer related assets and liabilities of its real estate development business to its controlling shareholder, China Communications Construction Real Estate Group Co., Ltd. ("CCCC Real Estate Group"). The transaction is proposed to be carried out in cash and does not involve the issuance of shares. The announcement stated that the company's main business currently includes real estate development and sales, as well as leasing. Through this transaction, the company will transfer the assets and liabilities related to its real estate development business. After the completion of the transaction, the company will focus on light asset businesses such as property services, asset management, and operations, achieving a strategic transformation of its business. This transaction is beneficial for improving the company's asset quality, enhancing its sustainable operating and profit-making capabilities, and safeguarding the interests of investors.