China Merchants Shekou (00978.HK) intends to acquire 100% equity of Xi'an China Merchants Huayuancheng Real Estate.

Zhongtong Finance APP news, China Merchants Land (00978.HK) announced that on July 23, 2025, Xian Maoan (an indirect wholly-owned subsidiary of the company) entered into a stock transfer agreement with China Merchants Shekou. China Merchants Shekou agreed to sell, while Xian Maoan agreed to acquire 100% equity of Xi'an China Merchants Huayuan City Real Estate, at a price of RMB 45.7121 million. After the completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the company.