Lates News

On September 8th, Yuexiu Real Estate Investment Trust (Yuexiu Property Fund) announced a strategic capital restructuring plan to sell 50% equity of Guangzhou Yuexiu Financial Building to external transferee Guangzhou Yuexiu Development Group Co., Ltd for approximately RMB 3.433 billion, and the remaining 50% equity through internal restructuring. After the completion of the sale and internal restructuring, Yuexiu Property Fund's actual beneficial interest in Guangzhou Yuexiu Financial Building will be reduced to 49.495%. The target company will no longer be a subsidiary of Yuexiu Property Fund, and Guangzhou Yuexiu Financial Building will continue to contribute income to the fund as a "qualified minority equity property".