买方拟收购该等物业以改建作酒店用途，有关工程将由卖方进行。据买方称，其预计将于中国成立一间项目公司以完成收购。Sindh Group (00242) issued an announcement. On December 11, 2024, the company's wholly-owned subsidiary, Zhuhai Henghang...
Zhitong Finance App News, Sindh Group (00242) announced that on December 11, 2024, the company's wholly-owned subsidiary, Zhuhai Hengqin Sindh Real Estate Development Co., Ltd. (seller), signed a memorandum of understanding with SJM - Investment Co., Ltd. (buyer).
According to the memorandum of understanding, the seller intended to sell and the buyer intended to purchase several office units and a retail unit (such property) of the Group located in the Shinde Port Business Center (the project), 28 Shinde Street, Hengqin New Area, Zhuhai, China. The total cash cost was RMB 0.546 billion (excluding tax) (possible sale matters). The relevant amount was reached after discussion with the contracting parties.
The buyer intends to acquire these properties for use as hotels, and the relevant works will be carried out by the seller. According to the buyer, it is expected to set up a project company in China to complete the acquisition.
These properties include the project's hierarchical office units located on the 21st to 29th floors of the office building, No. 59, Jilin Road, Hengqin New District, Zhuhai, and retail units located at No. 28, Shinde Street, Hengqin New District, Zhuhai. The total floor area of these properties is approximately 14,845 square meters. The project connects to Hengqin Port (a cross-border facility operating 24 hours a day) and enjoys the convenience of the Guangzhou-Pearl Intercity Railway and the future Macau Light Rail Station.
In July 2024, the Hengqin Guangdong-Macao Deep Cooperation Zone (Shenhe Zone) Executive Committee issued a policy to allow real estate developers to convert office buildings or commercial buildings in Shenhe into hotels. The Group supports these measures. After the renovation is approved, the buyer plans to transform these properties into three-star hotels, which is expected to attract new visitors and bring more traffic to the project. Therefore, it will also help the development of the hotel industry and tourism industry in Hengqin. Furthermore, the possible sale will optimize the Group's cash position.
