trending Market Intelligence /marketintelligence/en/news-insights/trending/LYz2f-RvakcYuKj8lmBm7g2 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

Minmetals Land divests 49% stake in each of 2 Chinese residential projects

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


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

Minmetals Land divests 49% stake in each of 2 Chinese residential projects

Minmetals Land Ltd. sold its 49% stake in each of two residential developments in Guangzhou, China, under two separate transactions executed through its Minmetals Shengshi Guangye (Beijing) Co. Ltd. subsidiary.

Under one of the deals, Minmetals Shengshi Guangye and China Merchants Land Ltd.'s Guangzhou Merchants Property Development Ltd. unit increased the registered capital of Guangzhou Kuangrong Property Development Co. Ltd. to 1.00 billion yuan from 2.0 million yuan. Guangzhou Kuangrong became a 51/49 joint venture of the companies following the transaction.

Guangzhou Kuangrong is the entity overseeing the development of a 13,802-square-meter site that was purchased in November 2018 for 1.09 billion yuan. The plot with a 70-year grant term for residential purposes has a plot ratio between 1.0 and 3.8, according to a Jan. 8 news release.

Meanwhile, pursuant to a memorandum of intent signed March 28, 2019, Minmetals Shengshi Guangye established a separate 51/49 joint venture with another Chinese investor for the development of a roughly 72,000-square-meter site that was secured through an auction in December 2018 for 2.25 billion yuan. The property, which also has a 70-year grant term for residential use, has a plot ratio within the 1.0 to 2.5 range, Minmetals Land added in a separate, same-date filing.

As of Jan. 8, US$1 was equivalent to 6.95 yuan.