Shanghai Chengtou HoldingLtd (SHSE:600649) Shareholders Are Still up 29% Over 1 Year Despite Pulling Back 4.6% in the Past Week

Simply Wall StDec 9 19:27 ET

Shanghai Chengtou Holding (600649.SH): The subsidiary plans to participate in the establishment of a limited partnership and acquire the Caobao Road project.

On December 9, Gelonghui reported that Shanghai Chengtou Holding (600649.SH) announced a response to the national housing policy promoting both rental and sales, assisting in the construction of talent housing projects in Shanghai. At the same time, to expand the company's house rental operation scale and enhance the brand influence of 'Chengtou Kuan Ting', the wholly-owned subsidiary of the company, the house rental company plans to jointly initiate the establishment of a limited partnership (referred to as 'partnership') with the Shanghai State-owned Existing Asset Revitalization Private Investment Fund Partnership (Limited Partnership) (referred to as 'State-owned Revitalization Fund'). The partnership will act as the main body to use its own and raised funds to participate in the auction via the Shanghai United Assets and Equity Exchange to acquire the symbol company 100.

Gelonghui FinanceDec 9 06:21 ET

Shanghai Chengtou's Unit Signs 7.08 Billion Yuan Land Transfer Contract; Shares Jump 4%

MT NewswiresNov 28 01:24 ET

Shanghai chengtou holding (600649.SH): Subsidiary signs state-owned construction land use right transfer contract.

Gelonghui reported on November 27 that shanghai chengtou holding (600649.SH) announced that on October 17, 2024, the company disclosed the "Announcement on the Participation of Subsidiaries in the Public Selection of Projects in Huangpu District and Being Identified as the Implementation Entity." Recently, the company's wholly-owned subsidiary shanghai chengtou land (Group) Co., Ltd. signed an agreement with the Huangpu District Planning and Natural Resources Bureau regarding the underground space of Block 235B-03, Block 237A-02, part of Dongjie Road, Block 237B-01, part of Xueyuan Road, Block 237C-02, and Yuyuan Street.

Gelonghui FinanceNov 27 04:47 ET

Zhongtai: Policies stimulating the real estate industry to stabilize and rebound significantly in sales.

In October, the industry's sales growth rate showed a significant rebound, and market sentiment stabilized. On one hand, the effects of continuously easing policies began to emerge; more importantly, the Politburo meeting proposed the idea of "stopping the decline and stabilizing," allowing for the restoration of market confidence.

Zhitong FinanceNov 19 01:15 ET

China Securities Co., Ltd.: The implementation of related tax support policies promotes the stabilization of the real estate industry.

Local governments independently set the standards for land value-added tax, but the minimum pre-collection rate of land value-added tax in all regions is uniformly reduced by 0.5 percentage points, namely, it is reduced to 1.5%, 1%, 0.5% in the eastern, central, northeastern, and western regions respectively.

Zhitong FinanceNov 14 02:46 ET