Shui On Land Sells Chongqing Property Assets for RMB 201 Million to Boost Cash Flow

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Shui On Land (00272) has announced that on September 11, 2026, its subsidiary, Chongqing Shui On Tiandi Real Estate Development Co., Ltd., entered into an agreement to sell properties located at 1F, 2F, 3F, 4F, 5F, and 6F of No. 1 Ruitian Road, Yuzhong District, Chongqing, to Chongqing Shengju Gege Real Estate Brokerage Co., Ltd. The total gross floor area of the properties is approximately 31,286.56 square meters, with a consideration of around RMB 201 million.

According to the company, the disposal aligns with the group's overall development strategy and business model, providing an opportunity to enhance the turnover rate of its commercial property assets. The transaction is expected to enable the group to optimize resource allocation and strengthen its cash position, thereby generating working capital to support its ongoing operations and future growth initiatives.

This move reflects Shui On Land's continued efforts to streamline its asset portfolio and improve liquidity amid market conditions, ensuring the company remains well-positioned for sustained development.

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The total gross floor area of the properties is approximately 31,286.56 square meters, with a consideration of around RMB 201 million.<br><br>According to the company, the disposal aligns with the group's overall development strategy and business model, providing an opportunity to enhance the turnover rate of its commercial property assets. 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