Guangdong Inv (00270.HK) announced a proposal to pay a special dividend by distributing shares of GD Land (00124.HK) in kind, with a basis of 0.193 shares of GD Land for each share held, involving the distribution of 1.261 billion shares, accounting for approximately 73.72% of GD Land's total capital.

Guangdong Inv plans to spin off the property development business held by GD Land Group through the proposed distribution, in order to streamline business activities and concentrate resources on core businesses to maintain stable business development.