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China Resources Land Board Approves RMB 1.11 Billion Acquisition of Shenzhen Hubei Lexing

PUBT·10/30/2026 11:07:31
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China Resources Land Board Approves RMB 1.11 Billion Acquisition of Shenzhen Hubei Lexing
  • China Resources Land's board backed the acquisition of full ownership of Shenzhen Hubei Lexing Real Estate Development.
  • A wholly owned subsidiary won the October 30, 2026, judicial auction for 100% of the target for RMB 1.11 billion.
  • Internal resources will fund the acquisition; the remaining RMB 887.49 million is payable before November 13, 2026.
  • Nonexecutive director Huang Ting abstained from the acquisition resolution because he is a director of CR Trust.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Resources Land Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261030-12390996), on October 30, 2026, and is solely responsible for the information contained therein.