trending Market Intelligence /marketintelligence/en/news-insights/trending/cAxY7V-PAJZUMjuTE3d6WQ2 content esgSubNav
In This List

Beijing Capital Land unit to invest in Sunac China subsidiary

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Beijing Capital Land unit to invest in Sunac China subsidiary

Juyuan Xincheng (Tianjin) Commercial Management LLP, a subsidiary of Beijing Capital Land Ltd., agreed to acquire a 36% interest and provide a 783.0 million yuan shareholder loan to Xiamen Rongdi Real Estate Co. Ltd., a wholly owned subsidiary of Sunac China Holdings Ltd.

Juyuan Xincheng will pay 36.0 million yuan for the stake in Xiamen Rongdi.

Both the equity investment and shareholder loan will be used by Xiamen Rongdi's Hangzhou Rongxiang Real Estate Co. Ltd. unit to develop a 40,488-square-meter residential site in Yunhe New City in Hangzhou, China, with a land premium of roughly 2.17 billion yuan.

As of Dec. 28, US$1 was equivalent to 6.88 Chinese yuan.