{"id":56090,"date":"2017-05-27T00:17:41","date_gmt":"2017-05-26T17:17:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-land-sells-chongqing-assets-to-china-vanke-for-4-1-billion-yuan\/"},"modified":"2017-05-27T00:20:40","modified_gmt":"2017-05-26T17:20:40","slug":"shui-on-land-sells-chongqing-assets-to-china-vanke-for-4-1-billion-yuan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-land-sells-chongqing-assets-to-china-vanke-for-4-1-billion-yuan\/","title":{"rendered":"Shui On Land sells Chongqing assets to China Vanke for 4.1 billion yuan"},"content":{"rendered":"


\nShui On Land, the property developer founded by tycoon Vincent Lo Hong-sui, has sold one of its largest mixed commercial projects in mainland China for 4.1 billion yuan (US$596.3 million).
\nIn a statement to the Hong Kong stock exchange on Friday night, Shui On said it would reap a profit of about 1.7 billion yuan by selling a 79.2 per cent stake in Chongqing Tiandi to China Vanke, the second-largest developer in the country.
\nThe deal would also reduce its net gearing by 11 per cent, the firm…
\n
\nSource : South China Morning Post
\nRead more…Shui On Land sells Chongqing assets to China Vanke for 4.1 billion yuan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shui On Land, the property developer founded by tycoon Vincent Lo Hong-sui, has sold one...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56090","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eAG","jetpack-related-posts":[{"id":47745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-in-talks-to-sell-half-its-ruihong-project-in-shanghai\/","url_meta":{"origin":56090,"position":0},"title":"Shui On in talks to sell half its Ruihong project in Shanghai","date":"March 12, 2017","format":false,"excerpt":"\r Shui On Land, the developer that pioneered China\u2019s heritage landmarks with its Shanghai Xintiandi project, is in talks to sell up to half of the latest development of its Ruihong Xincheng mixed development to pare down its debt. A memorandum of understanding has been signed with a buyer for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-sells-prime-shanghai-property-projects-to-china-life-for-4-billion-yuan\/","url_meta":{"origin":56090,"position":1},"title":"Shui On sells prime Shanghai property projects to China Life for 4 billion yuan","date":"December 20, 2017","format":false,"excerpt":"\r Shui On Land has struck a deal to sell almost half its stake in a portfolio of prime Shanghai property projects to China Life Insurance for 4.16 billion yuan (US$630 million), its latest move to pursue an \u201casset-light strategy\u201d. The sale is expected to generate a gain of 1.2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-developer-shui-on-reports-drop-in-earnings-for-2018-and-slashes-sales-target-for-this-year\/","url_meta":{"origin":56090,"position":2},"title":"Hong Kong-listed developer Shui On reports drop in earnings for 2018 and slashes sales target for this year","date":"March 21, 2019","format":false,"excerpt":"\r Hong Kong-listed property developer Shui On Land reported on Wednesday that its core earnings had dropped by 3 per cent to 3.06 billion yuan (US$457.09 million) for the year ending December 31, 2018.The company, which has the second-largest commercial property portfolio in Shanghai, said its revenue had jumped by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-shui-on-sees-38pc-rise-in-annual-profit-on-robust-mainland-sales\/","url_meta":{"origin":56090,"position":3},"title":"Hong Kong developer Shui On sees 38pc rise in annual profit on robust mainland sales","date":"March 22, 2017","format":false,"excerpt":"\r Property developer Shui On Land has delivered a 38 per cent rise in annual profit, on the back of robust mainland project sales. The company said on Wednesday its profit attributable to shareholders was 1.1 billion yuan (US$159.5 million) for the year ended 31 December 2016, up from 788\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-shares-notch-biggest-weekly-gain-after-profit-beat-forecast-even-if-outlook-is-modest\/","url_meta":{"origin":56090,"position":4},"title":"Shui On shares notch biggest weekly gain after profit beat forecast, even if outlook is modest","date":"March 22, 2018","format":false,"excerpt":"\r Shares of Shui On Land, the Hong Kong developer that owns the landmark Shanghai shopping and entertainment district Xintiandi, jumped by their most in a week, after its 2017 profit and sales revenue beat forecasts. Net profit under general accounting rules more than doubled to 2.24 billion yuan, while\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-high-sales-at-chinese-developer-vanke-which-unveiled-to-survive-slogan-in-2018\/","url_meta":{"origin":56090,"position":5},"title":"Record high sales at Chinese developer Vanke, which unveiled \u2018to survive\u2019 slogan, in 2018","date":"January 4, 2019","format":false,"excerpt":"\r China Vanke, mainland China\u2019s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56090"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56090"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}