China Cinda (01359) rose more than 4%. As of press release, it was up 4.55% to HK$0.69, with a turnover of HK$2,087,500.
The Zhitong Finance App learned that China Cinda (01,359) rose by more than 4%. As of press release, it had risen 4.55% to HK$0.69, with a turnover of HK$2.0875 million.
According to the news, recently, Cinda Real Estate announced that Changhuai Xinda Real Estate, a wholly-owned subsidiary of the company, and China Cinda, a related party, jointly subscribed to Wuhu Qinlan's share of equity investment partnerships, with a total pledge size of no more than 2,701 billion yuan, of which Changhuai Xinda Real Estate's subscription share did not exceed 750 million yuan. Wuhu Qinlan plans to transfer 48% of the shares in Shenzhen China Merchants Anye Investment and Development Co., Ltd. held by Wuhu Qin'an. The consideration for the share transfer is 2,572.8 billion yuan. In order to facilitate management, Changhuai Xinda Real Estate transferred the above partnership shares to Guangdong Cinda Real Estate, a wholly-owned subsidiary of the company. After the transaction is completed, Wuhu Qinlan will join the company and hold 48% of the project company's shares. Guangdong Cinda Real Estate will jointly develop and construct the project.