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.

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