trending Market Intelligence /marketintelligence/en/news-insights/trending/ATULR06-KcIGiX68FHEY1w2 content esgSubNav
In This List

Greenland Hong Kong unit to sell Chinese property company for US$283M

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Greenland Hong Kong unit to sell Chinese property company for US$283M

Greenland Hong Kong Holdings Ltd. unit True Crown Holdings Ltd. (Group) Co. Ltd. agreed on Nov. 13 to sell Chinese property company Nanchang Shenyang Real Properties Ltd. for US$283 million to Greenland Holdings Corp. Ltd.

Nanchang Shenyang is currently developing residential properties in the old town of Xihu District and the new town area in Chaoyang District in the city of Nanchang, China. The properties cover a total gross floor area of about 475,000 square meters, with most of the units already pre-sold. About 2,000 car parking spaces and approximately 20,000 square meters of commercial space are yet to be sold, according to a filing.

Under the deal, Nanchang Shenfei Real Property Ltd. will pay half of the purchase price within 30 days upon the execution of the agreement, with the balance to be settled upon completion.