CIFI Holdings Sells Remaining 50% Stake in Luoyang Project Joint Venture

Reuters
Feb 13
<a href="https://laohu8.com/S/00884">CIFI Holdings</a> Sells Remaining 50% Stake in Luoyang Project Joint Venture

CIFI Holdings (Group) Co. Ltd. has provided further details on its previously announced disposal of a 50% equity interest in a target company related to the Luoyang Project. The Luoyang Project includes two phases of residential communities, with phase one comprising seven blocks and a total gross floor area of approximately 107,229 square meters. Construction of phase one has been completed, and about 68% of the salable area has been sold since pre-sales began in December 2021. The consideration for the transaction includes a cash payment of RMB96,877,418.71 and a set-off of RMB8,061,148.15 in debt owed by the seller to the buyer. The company cited the buyer's willingness to settle in cash, acceptance of the debt set-off, and the savings from not having to contribute additional capital for phase two development as key factors in the decision.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CIFI Holdings Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260213-12024775), on February 13, 2026, and is solely responsible for the information contained therein.

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