Shenzhen International Holdings (HK:0152) has released an update.
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Shenzhen International Holdings has announced the successful transfer of its full equity stake in two logistics park projects to SPVs for RMB 1.117 billion, coinciding with the completion of the ChinaAMC-Shenzhen International REIT offering, which raised about RMB 1.494 billion. Following the spin-off, the company’s interest in the projects will decrease from 100% to 30%, no longer classifying them as subsidiaries. This strategic move aims to improve asset liquidity, enhance investment capabilities, and provide the company with sustainable income through its continued involvement in the projects’ operations.
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