Shui On Land (HK:0272) has released an update.
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Shui On Land has announced a major restructuring involving the establishment of a limited partnership and significant equity transfers among its subsidiaries and partners, including Ningbo Fund and Yangpu Knowledge Innovation. This restructuring, valued at approximately RMB8.1 billion, aims to optimize the investment holding structure and involves transferring substantial equity interests in YPU and KIC. The transactions are considered major and connected under Hong Kong’s Listing Rules, requiring reporting and shareholder approval.
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