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Shanghai Chengtou Says Shareholder to Trim Stake by Up to 2%; Shares Up 10%
Shanghai Chengtou Holding (600649.SH) shareholder Hongyi (Shanghai) Private Equity Fund Center (Limited Partnership) plans to reduce its shareholding by no more than 2%.
Shanghai chengtou holding (600649.SH) issued an announcement, the company's shareholder, Hongyi (shanghai) private equity fund center (limited...
Shanghai Chengtou Holding (600649.SH): The construction of "urban villages" projects has uncertainties.
Gelonghui September 27th | shanghai chengtou holding (600649.SH) announced that the company recently released the "Announcement on the Investment and Construction of the Du Xing Laojie and Zhuzhai 'Urban Village' Transformation Project by Its Subsidiary Chengtou Zhidi", the construction period of the 'Urban Village' project is relatively long, with the total investment amount as a planned or estimated figure, the actual amount is influenced by many factors and is uncertain. Subsequently, the company will strictly follow the policy requirements for the construction of the 'Three Major Projects' as mandated by the country, and carry out related work on the transformation of the 'Urban Village' in accordance with legal procedures.
Zhongtai Securities: The property bullish policy will continue to be introduced, bullish on the sector's performance in the fourth quarter.
zhongtai Securities released research reports stating that recently, real estate high-frequency data has continued to decline, weakening even compared to August in the peak season. In the short term, the industry's fundamentals are difficult to bottom out, but looking ahead to the fourth quarter, there is a high probability of continued bullish policies related to real estate being introduced. zhongtai Securities remains bullish on the performance of the real estate sector in the fourth quarter.
Shanghai Chengtou Holding Unit Enters Renovation Deals With Two Town Governments
shanghai chengtou holding (600649.SH): Subsidiary Chengtou Land intends to invest in the construction of the Duxing Laojie and Zhuzhai "urban village" renovation project.
Gelonghui September 24th | Shanghai chengtou holding (600649.SH) announced that its subsidiary Shanghai chengtou land (Group) Co., Ltd. (referred to as "Chengtou Land") intends to respectively sign cooperation agreements for renovation projects with the People's Government of Pujiang Town and Huacao Town, and respectively establish one or more joint ventures with the collective economic organizations of Pujiang Town and Huacao Town. Where Chengtou Land's equity stake is 90%, investing in the construction of the "Du Hang Project" in the "urban village" of Du Hang Street, Minhang District, Pujiang Town, and the "Zhu Zhai Project" in Zhudai Town, Huacao Town. The total investment amount for the Du Hang project is approximately 6.
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