trending Market Intelligence /marketintelligence/en/news-insights/trending/xv9zdqddh-cqaazfpqgerw2 content esgSubNav
In This List

Jingrui Holdings unit signs 215.2M yuan deal for assets in Beijing district


Japan M&A By the Numbers: Q4 2023

Case Study

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


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


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

Jingrui Holdings unit signs 215.2M yuan deal for assets in Beijing district

Shanghai Yaoke Properties Ltd., a wholly owned subsidiary of Jingrui Holdings Ltd., agreed to pay nearly 215.2 million yuan for the purchase of two Chinese companies, which collectively own various properties in Beijing's Haidian district.

Under the deal, Shanghai Yaoke will buy a 99% shareholding of Beijing City No. 1 Investment Center (LP) in each of Beijing Zhongguan Yayuan Business Management Co. Ltd. and Beijing Zhongguan Xinyuan Business Management Co. Ltd. and a 1% stake of Beijing Hanhe Investment Management Co. Ltd. also in each of the two targets.

Beijing Zhongguan Yayuan is the owner of four units at No. 15 Haidian Middle St. that have a collective gross floor area of 2,812 square meters and 10 parking spaces. Beijing Zhongguan Xinyuan, on the other hand, holds a 2,557-square-meter unit with a parking area for 10 vehicles in the same compound.

The acquisition is expected to help the Hong Kong-listed Jingrui Holdings in achieving its goal of expanding its business, income stream and geographical presence, the company noted in a filing.

As of March 26, US$1 was equivalent to 6.27 yuan.