Yuexiu Property announced on October 24, 2024, that it will potentially sell all the equity of its indirect wholly-owned subsidiary, Guangzhou Hongcheng Development Co., Ltd., through public listing. The subsidiary's main assets are office space and parking lots in Guangzhou International Trade Center in Tianhe District, Guangzhou, China. Currently, the equity is held by Golden Prosperity Investment Limited and Guangzhou Huazhen Technology Service Limited at 81.26% and 18.74%, respectively. The minimum price for the potential sale is 1,092,083,400 yuan. The public listing will start on October 25, 2024, and will last for 20 Chinese working days. Yuexiu Property stated that this move will help accelerate the turnover of commercial properties and optimize the group's cash flow, with the proceeds expected to be reinvested in core business development. If this transaction is completed, it may be subject to the relevant declaration, announcement, and shareholder approval requirements of the listing rules.

Yuexiu Property announced on October 24, 2024, that it will potentially sell all the equity of its indirect wholly-owned subsidiary, Guangzhou Hongcheng Development Co., Ltd., through public listing. The subsidiary's main assets are office space and parking lots in Guangzhou International Trade Center in Tianhe District, Guangzhou, China. Currently, the equity is held by Golden Prosperity Investment Limited and Guangzhou Huazhen Technology Service Limited at 81.26% and 18.74%, respectively. The minimum price for the potential sale is 1,092,083,400 yuan. The public listing will start on October 25, 2024, and will last for 20 Chinese working days. Yuexiu Property stated that this move will help accelerate the turnover of commercial properties and optimize the group's cash flow, with the proceeds expected to be reinvested in core business development. If this transaction is completed, it may be subject to the relevant declaration, announcement, and shareholder approval requirements of the listing rules.