Greenland m88 live casino plans to invest in Xiexin m88 live casino and become the joint largest shareholder

Utilize capital mergers and acquisitions to upgrade commercial and industrial m88 live casino capabilities

November 9，Greenland m88 live casino signed an agreement with Hanwei Chongqing Real Estate Development (Hong Kong) Co., Ltd., the parent company of Chongqing Xiexin Yuanchuang Real Estate Development Co., Ltd. (referred to as "Xiexin")，Greenland plans to eventually hold 40% of Xiexin’s equity through equity transfer and capital increase,Equity transfer、After completion of capital increase and restructuring，Greenland m88 live casino and Hanwei Company will be jointly listed as the largest shareholders of Xiexin。Both parties will be committed to building Xiexin into a benchmark enterprise in the field of commercial and industrial real estate operation and management in China，At the same time, actively explore and implement the asset-light strategy，And work hard to promote it to become public。

This strategic merger is Greenland’s “two-wheel drive” to accelerate industrial operations and capital mergers and acquisitions，Proactive measures to provide strong support for corporate transformation and development and business model upgrades through the acquisition of high-quality assets and industrial carriers。Chairman of Greenland m88 live casino、President Zhang Yuliang said，Xiexin started commercial real estate earlier in the real estate industry、Industrial real estate development and management，And has become one of the benchmark companies，Outstanding professional capabilities in this segment、Mature development model。Start cooperation with Xiexin，It will effectively promote the further improvement of Greenland’s commercial and industrial real estate development and operation capabilities，In line with the company’s mid- to long-term development strategy for the real estate sector。After completion of transaction and restructuring，Greenland plans to entrust some of its commercial and industrial real estate operations to Xie Xin for management，Effectively enhance the core competitiveness of the main real estate business。

The cooperation between Greenland m88 live casino and Xiexin is highly complementary、Cooperativity，Greenland as a leading enterprise in the industry，Its huge real estate business volume、Obvious brand advantage、Powerful resource acquisition capabilities，And its mechanical advantages of mixed ownership，All will contribute to the future development of Xiexin，Includes project acquisition、Strong support has been formed in terms of financing capabilities and other aspects。

Xiexin m88 live casino was established in 1994，Is engaged in urban commercial complex operation、Boutique residential development、Industrial real estate development、Property Management、A national large-scale modern enterprise m88 live casino with financial investment and other businesses。Early 2015，Xiexin launches business reorganization and external expansion cooperation，April 2016，Formally established Xiexin Holding m88 live casino。Currently the assets under management exceed 80 billion yuan。As the real estate business platform of Xiexin Holdings, Xiexin Yuanchuang，Under the jurisdiction of TusXiexin Technology City m88 live casino、Xiexin Commercial Real Estate m88 live casino、Three major business sectors of Tianjiao Love Life Co., Ltd.。Currently，Xiexin Yuanchuang has developed more than 60 projects across the country，Development volume exceeds 16 million square meters，Strategic land reserve exceeds 10 million square meters。Total assets exceed 61 billion yuan。