Beijing Hualian Commercial Co., Ltd. (hereinafter referred to as "the Company") held the 18th meeting of the 9th Board of Directors on February 10, 2026, and the first extraordinary general meeting of shareholders on March 19, 2026, to review and approve the proposal on external investment and participation in commercial real estate REITs application and issuance work. The Company agreed to jointly invest with Shounong Information Industry Investment Co., Ltd. and Beijing Sanyuan Jiaye Group Co., Ltd. to establish Beijing Yuanchuanglian Commercial Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Yuanchuanglian"). Yuanchuanglian, along with Longde Land Co., Ltd. (hereinafter referred to as "Longde Land") and another shareholder, Beijing Grain Group Co., Ltd., as the original rights holder, will use the commercial real estate projects held by Longde Land as underlying assets to carry out the application and issuance of commercial real estate REITs.
000882SZSE
🚨 Material Event
Announcement on the Progress of External Investment and Participation in Commercial Real Estate REITs Application and Issuance Work
✨ AI Summary
Beijing Hualian Commercial Co., Ltd. has approved a proposal for external investment and participation in commercial real estate REITs. The company, in collaboration with partners, has established a management center and completed the acquisition of a 50% stake in Longde Land. The transaction price is set at 1.485 billion yuan, expected to result in a loss of approximately 110 million yuan for 2026. This move enhances asset liquidity and supports the company's main business development.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· azure_openai
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.