Summary by Futu AI
On June 26, 2024, Yuexiu Property held a shareholders' meeting to review the disclosure and related transactions of the acquisition of a 20% stake in the New Rail Project. The independent director committee and the independent financial adviser, Yu Ming Investment Management Co., Ltd., provided opinions on this acquisition, and valuation was conducted by Jones Lang LaSalle Corporate Evaluation and Consulting Limited. The acquisition involves the assessment of the net asset value of the target holding company and the Pazhou South Phase 2 project, and Guangzhou Urban Construction agrees to acquire loans from the target holding company and the target company. The shareholders' meeting will vote on the transaction and announce the voting results on the same day.