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Shimao Proposes 6.8 Billion Yuan Repurchase Plan for Former 23.9 Billion Yuan Land Acquisition; CITIC Trust's Shenzhen Longgang Project May Offer Discounted Redemption
2 week ago /
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Author：小编
Shimao Group has unveiled a proposed land reserve compensation plan valued at 6.8 billion yuan for the Shenzhen Longgang Trust project, with voting now open to investors. Should this plan gain approval, investors will be eligible for a discounted redemption scheme, estimated to return 85% of their principal, with redemption extending until January 2027. Notably, Shimao Group originally acquired the land for this project for 23.9 billion yuan, making the current repurchase compensation pricing equivalent to a significant 70% discount.
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