On May 31, 2024, Guangzhou Yuexiu Capital Holdings Group (000987.SZ) announced that the 10th Board of Directors' 11th meeting and the 9th Supervisory Board's meeting had been held by communication. The proposal to acquire shares of Yuexiu Property through Guangzhou Asset, its wholly-owned subsidiary, and related party transactions have been approved. Guangzhou Asset is permitted to use its own funds, not exceeding RMB 556.5 million (excluding transaction fees) to buy stocks of Yuexiu Property Limited through the Hong Kong Stock Connect in the secondary market. As some of the existing shareholders of Yuexiu Property are related parties of the company, this transaction constitutes a joint investment with related parties and falls under the decisions of the Board of Directors.
越秀资本(000987.SZ)：广州资产拟使用不超5.565亿元买入越秀地产港股股票
Guangzhou Yuexiu Capital Holdings Group (000987.SZ): Plans to use no more than 556.5 million yuan to buy Yuexiu Property's Hong Kong-listed stocks.
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