trending Market Intelligence /marketintelligence/en/news-insights/trending/BGmyoVEuDBFcn4OgeOechg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Shenzhen Investment signs deal to sell project company for 361.5M yuan

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Shenzhen Investment signs deal to sell project company for 361.5M yuan

A Shenzhen Investment Ltd. unit and Jingjiang Country Garden Property Development Co. Ltd. on June 5 made official a 361.5 million-Chinese-yuan equity transfer agreement announced late May.

As part of the deal, Jingjiang Country Garden will also pay the roughly 152.9 million yuan interest on all the shareholders' loans associated with the Taizhou City Pengxiang Property Co. Ltd. project company. It owns undeveloped land, which has capacity for 227,546 square meters, in Jiangyan district, Taizhou City, Jiangsu.

Shenzhen Investment is expected to log a net gain after tax of approximately HK$181 million from the sale, which will be used for general corporate purposes.

The sale is part of the company's strategy of exiting projects in third- and fourth-tier cities.

As of June 5, US$1 was equivalent to 6.80 Chinese yuan.