Shui On Land Limited has announced a discloseable transaction involving the formation of a joint venture to participate in a major real estate project in Shanghai. On June 19, 2025, Shanghai Ruixinli, an indirect wholly-owned subsidiary of Shui On Land, entered into a Shareholders Agreement with Shanghai Xinfuli and the JV Company. The joint venture is set to acquire a 50% equity interest in the Project Company, which holds the land use rights for the Shanghai Project. The proposed acquisition, valued at RMB 2.89 billion, aims to develop high-quality residential and mixed-use properties. This strategic move aligns with Shui On Land's commitment to expanding its property development portfolio in the PRC.
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