Viewpoint Network News: On the evening of January 21, Shimao Group Holdings Limited announced the sale of a commercial plot located on Huangpu Road in Shanghai.
Viewpoint New Media understands that Shanghai Shiying Investment Management Co., Ltd., a wholly-owned subsidiary of Shimao Group, signed a contract with Shanghai Jiushi North Bund Construction and Development Co., Ltd. Accordingly, the former will sell to the latter the entire registered capital of Shanghai Shimao Real Estate Development Co., Ltd. for a total consideration of 1.06 billion yuan.
According to the data, Shanghai Jiushi North Bund Construction and Development Co., Ltd. is controlled by Shanghai Jiushi Group. It is a state-owned investment operation holding company headquartered in Shanghai.
Shanghai Jiushi Group was established in 1987 and is funded by the Shanghai Municipal People's Government. Shanghai Jiushi is supervised and managed by the Shanghai Municipal State-owned Assets Supervision and Administration Commission, and its main responsibilities are to operate state-owned assets authorized by the Shanghai Municipal Government and investment in government projects, such as bus operation, building development and event operation.
The target enterprise, Shanghai Shimao Real Estate, holds a piece of land located on Huangpu Road in Shanghai with a right-of-use area of 4988.5 square meters, which is used for the development of commercial properties and office purposes.
According to market news, the plot is believed to be located at No. 229 Huangpu Road, which was originally planned as the land for the Shimao headquarters building, but has not yet been developed.
This article originated from the viewpoint real estate network
![He is strong, he is strong, and he fights for his mother[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)