On May 27, CR Land fell 3.17% in regular trading, trading at HK$34.12/share, with trading volume of HK$342 million.

On the news front, the Shanghai United Assets and Equity Exchange recently disclosed that CR Land's subsidiary Super Smart Resources plans to transfer 100% equity of CR Land (Chengdu) Development Co., Ltd. at a base price of RMB 7.51 billion, with a deposit of RMB 2.253 billion required and the transaction amount to be paid in one lump sum. The target company is the developer and operator of Chengdu MixC. As of end-February, its net assets stood at only RMB 645 million, implying a transfer premium of approximately 11.7 times net asset value.

Chengdu MixC recorded rental income of RMB 831 million and net profit of RMB 246 million in 2024, with annual foot traffic exceeding 50 million visits. UBS previously estimated the shopping center's potential asset valuation at approximately RMB 10.9 billion based on a 5% NOI capitalization rate. Post-transaction, the property may no longer use CR Land's brand or franchise rights, though daily operations are expected to remain under CR Land's management team.

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