Zhitong Finance App News, China Merchants Land (00978.HK) announced that on October 16, 2026, Guangzhou China Merchants Real Estate Co., Ltd. (Guangzhou), an indirect wholly-owned subsidiary of the company, signed an equity transfer agreement with Jiulongchang Real Estate (Guangzhou) Co., Ltd. (Jiulongchang Guangzhou) and Foshan Eyun Real Estate Co., Ltd. (target company). Based on this, Jiulong Cang Guangzhou agreed to transfer 50% of its shares in the target company to Guangzhou at a cost of about $938 million. Guangzhou Merchants will bear about 1,008 billion yuan of debt owed by Jiulong Cang Guangzhou to target companies. Once the acquisition is completed, the target company will become an indirect wholly-owned subsidiary of the Company.

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