Recently, Hong Kong Wharf Group plans to sell its 87.5% equity and a shareholder loan in the Beijing Capital Times Square project to Beijing Huarong Infrastructure Investment Co., Ltd. at a price of more than 2.7 billion yuan, and will make a profit of HK$ 6,543.802 billion upon completion. According to the agreement, Wharf will sell its 87.5% equity of Beijing Capital Times Square to Beijing Huarong Infrastructure Investment at a price of 2,280.3 million yuan, and sell shareholders' loans at a benchmark of 65,438+0 yuan, amounting to 427.7 million yuan. The announcement also shows that as of the end of 65438+February last year, the books of Capital Times Square and shareholders' loans in Wharf were about HK$ 10897 million and HK$ 493.3 million respectively.
Wharf said that the transfer also enabled the Group to reorganize its acquisition strategy, and cashing in can also help it meet the development needs of its mainland real estate projects, thus improving the overall return of its investment property portfolio. An insider in Times Square, the capital, said that he had learned the information from relevant channels, but up to now, the relevant operation of the shopping mall is still under the responsibility of Hong Kong Wharf Group, and it is still inconclusive when the new owner will settle in.