Shanghai Construction Engineering intends to sell 100% equity of 2 subsidiaries!

On August 11, Shanghai Construction Engineering Group Co., Ltd. issued a notice on the proposed sale of shares in two real estate subsidiaries. The

announcement shows that in order to revitalize the stock assets and accelerate the recovery of funds, Shanghai Jiangong Real Estate Co., Ltd. (Hereinafter referred to as "Jiangong Real Estate"), a subsidiary of Shanghai Jiangong Group Co., Ltd. (Hereinafter referred to as "Shanghai Jiangong" or the "Company"), intends to transfer its holdings of Tianjin Jinyue Real Estate Development Co., Ltd. (Hereinafter referred to as "Tianjin Jinyue") and Jiangxi Jianhao Real Estate Co., Ltd. (Hereinafter referred to as "Jiangxi Jianhao") through public listing in Shanghai United Assets and Equity Exchange ).

Tianjin Jinyue is a real estate development company whose main asset is Tianjin Haiyue Mansion Project. The project is located at the southeast corner of the intersection of Jingu Highway and Shuangrong Road in Xianshuigu Town, Jinnan District, Tianjin, with an area of 76039 of 0.60 square meters and a plot ratio of 2. In addition, there are 2 pieces of undeveloped commercial land, with the land area of 17436. 30 square meters and 8057.70 square meters respectively, and the volume ratio is 1.5 and 1.85 respectively. After pre-evaluation, the total shareholders' equity of Tianjin Jinyue is about 1.028 billion yuan.

Jiangxi Jianhao is a real estate development company whose main asset is the Haiyuelong Mansion Project. The project is located in the high-quality resource area of Xinjian District of Nanchang City, adjacent to Jiting Road and Wenfeng Road, with a total land area of 29410 square meters and a plot ratio of 3.0. After pre-evaluation, the total shareholders' equity of Jiangxi Jianhao is about 724 million yuan.