Advertisement
China Merchants Land will acquire the Nanjing Merchants Qisheng Property Development project from Citic Securities in a deal valued at INR 259.2 crore. The transfer consolidates the project under a subsidiary of Citic Securities, allowing for more focused management and operational efficiency. Recognized for its potential in Nanjing's real estate market, the project adds strategic value to China Merchants Land's portfolio. This move reflects wider trends in China's property sector, where companies are reorganizing assets to strengthen liquidity, streamline operations, and ensure projects receive dedicated attention and resources.
China Merchants Land Ltd announced that Citic Securities will transfer its Nanjing-based property project, Nanjing Merchants Qisheng Property Development, to one of its subsidiaries. The transfer is valued at approximately INR 259.2 crore. The move allows Citic Securities to consolidate its property assets under a dedicated unit, which is expected to improve management focus and operational efficiency for the project. Advertisement
The Nanjing Merchants Qisheng project has been recognized for its strategic location and development potential in Nanjing's real estate market. By transferring the project to a subsidiary, Citic Securities aims to streamline its property operations and ensure more concentrated oversight. This aligns with a broader trend in China's property sector, where companies are restructuring assets to strengthen liquidity and focus on key projects. China Merchants Land, as the receiving company, stands to benefit from the addition of a project that complements its existing portfolio and presence in the region.
This transaction follows similar asset consolidation strategies by both companies over the past few years. China Merchants Land has previously expanded its footprint through acquisitions and strategic transfers, while Citic Securities has been reorganizing its property holdings to maintain stability amid market fluctuations. The transfer is part of ongoing efforts by property firms in China to adapt to the evolving market conditions and ensure projects receive dedicated management and resources.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
