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Yuexiu Property to divest major assets in connected transaction deal

#International News#Hong Kong
Last Updated : 6th May, 2026
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Synopsis

Yuexiu Property Co Ltd has approved a significant connected transaction involving the disposal of multiple assets and business units, including Nansha IFC, Yungu Industrial Park, Zhigu Industrial Park, Bijie Hotel, and selected healthcare operations. The consideration for Nansha IFC alone has been set at RMB1.93 billion, payable in cash. The overall transaction is expected to reduce the company’s total assets by about RMB5,900 million, while generating net proceeds of approximately RMB4.46 billion. The company also expects to record an after-tax gain of around RMB108 million from the disposal of the identified entities.

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Yuexiu Property Co Ltd has confirmed a major connected transaction involving the planned disposal of several assets and business segments as part of its portfolio restructuring strategy.


The assets included in the deal cover Nansha IFC, Yungu Industrial Park, Zhigu Industrial Park, Bijie Hotel, and certain healthcare-related businesses. The transaction for Nansha IFC has been valued at RMB1.93 billion, which is to be settled in cash.

As part of the overall arrangement, the company expects its total asset base to reduce by approximately RMB5,900 million once the disposal is completed. Net proceeds from the entire transaction are estimated to be around RMB4.46 billion, reflecting the combined value of the divested assets.

The company also anticipates recording an after-tax gain of nearly RMB108 million from the disposal of the targeted companies. The transaction is classified as both major and connected, indicating its scale and its linkage with related parties under regulatory definitions. Yuexiu Property, a Hong Kong-listed real estate developer, has in recent periods focused on asset optimisation amid broader sector adjustments and liquidity management trends in the property market.

Source Reuters
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