Yuexiu Property Co (DE:GUZA) has released an update.
Yuexiu Property Co is planning to divest its entire equity stakes in a subsidiary that manages office spaces and car parks in Guangzhou International Commercial Center. The sale, considered a disposal of state-owned assets, will be conducted via public tender at a minimum price of RMB1,092,083,400. This potential transaction could significantly impact the company’s financial landscape, drawing attention from investors tracking opportunities in the Chinese real estate market.
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