China Resources Land intends to transfer 40% of the equity in Huachengxin Industry, with a base price of approximately 118 million yuan.

On September 1st, according to information from the Shanghai United Property Rights Exchange, recently, 40% equity of Huacheng New Industry (Shenzhen) Co., Ltd. was listed for transfer at a minimum price of 117.8794 million yuan, with Huacheng Property Holding Co., Ltd. as the transferor. The company is owned by Huacheng Property Holding Co., Ltd. with 40%, Zhongcheng New Industry Holding Group Co., Ltd. with 35%, and Shenzhen Hechuang Dingsheng Technology Co., Ltd. with 25%. Huacheng New Industry (Shenzhen) Co., Ltd. was established on September 9, 2021. The company is a business platform under Huacheng Property Holding responsible for developing and operating heavy asset projects. Huacheng New Industry has developed multiple industrial park projects in the Guangdong-Hong Kong-Macao Greater Bay Area, including the two phases of Foshan Nanhai Runhui Technology Park, Huizhou South China Life Health Technology Industry Demonstration Park, and Guangzhou Runcheng Life Sciences Park. These projects mainly focus on emerging industries such as technology research and development and life and health.