According to Zhitong Finance App, Kerry Construction (00683.HK) announced that on July 30, 2026, a consortium composed of Shengcui (Shanghai) Consulting Management Co., Ltd. (Shengcui, an indirect wholly-owned subsidiary of the Company) and Shanghai Hengjiu Commercial Management Co., Ltd. (Hengjiu) received a transaction confirmation from the Shanghai Administration, confirming that it had successfully bid and obtained land use rights for the project plot at a cost of RMB 2.705 billion (excluding related taxes) (approximately HK$3.138 billion). Therefore, the contracting party will enter into a shareholders' agreement and establish a project company owned by Shengjiu and Hengjiu at 95% and 5% ratios respectively to own and develop the project plot, as well as manage and operate the completed property.

According to Zhitong Finance App, Kerry Construction (00683.HK) announced that on July 30, 2026, a consortium composed of Shengcui (Shanghai) Consulting Management Co., Ltd. (Shengcui, an indirect wholly-owned subsidiary of the Company) and Shanghai Hengjiu Commercial Management Co., Ltd. (Hengjiu) received a transaction confirmation from the Shanghai Administration, confirming that it had successfully bid and obtained land use rights for the project plot at a cost of RMB 2.705 billion (excluding related taxes) (approximately HK$3.138 billion). Therefore, the contracting party will enter into a shareholders' agreement and establish a project company owned by Shengjiu and Hengjiu at 95% and 5% ratios respectively to own and develop the project plot, as well as manage and operate the completed property.