trending Market Intelligence /marketintelligence/en/news-insights/trending/u567OIYCnst4RDNabtoJJA2 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

Shanghai Lujiazui to sell 51% stake in Shanghai property company

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


Shanghai Lujiazui to sell 51% stake in Shanghai property company

Shanghai Lujiazui Fin & Trade is selling its remaining 51% stake in a Shanghai-based real estate company at a share transfer price that will not dip lower than the level established by Shanghai's Pudong Assets Appraisal Work Management Center.

The government appraisal body assessed the 51% interest to be worth 1.33 billion yuan, according to a release.

After the remaining 51% stake is sold, Shanghai Lujiazui will no longer hold any shares in the real estate company, which was established in December 1995. This latest sale effort comes after the company disposed of a 49% stake in the target company to a life insurance agency in 2016.

The target company holds a portion of the floors in the 29-story, 55,674.75-square-meter Standard Chartered Tower in Shanghai's Pudong district, amounting to a total construction area of 48,056.16 square meters.

As of Oct. 12, US$1 was equivalent to 6.59 yuan.