---
title: "ST CREC plans to divest its real estate development business and actively embrace light asset operations"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/236995512.md"
description: "ST CREC plans to divest its real estate development business, transferring related assets and liabilities to its controlling shareholder China Communications Real Estate Group, with the transaction being a cash acquisition. This move aims to address the downward pressure in the real estate industry, reduce the asset-liability ratio, focus on light asset businesses such as property management and asset management, and achieve strategic transformation and high-quality development"
datetime: "2025-04-22T14:13:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/236995512.md)
  - [en](https://longbridge.com/en/news/236995512.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/236995512.md)
---

# ST CREC plans to divest its real estate development business and actively embrace light asset operations

According to the Zhitong Finance APP, on April 22, \*ST Zhongdi (000736.SZ) disclosed the "Major Asset Sale and Related Party Transaction Plan," intending to transfer the real estate development-related assets and liabilities it holds to its controlling shareholder China Communications Real Estate Group Co., Ltd. The transaction will be conducted through a cash acquisition, with the specific transaction price to be determined after the completion of the audit assessment. The target assets include equity, debt, and other assets related to the real estate development business held by the listed company, involving 51 controlling and affiliated subsidiaries.

In recent years, the real estate development industry has faced downward pressure, with the listed company's real estate development business continuing to incur losses, a high asset-liability ratio, and significant debt repayment pressure. Through this transaction, the company plans to divest its heavy asset real estate development business, focusing on lighter asset businesses such as property management and asset management, which are more stable, to achieve strategic transformation and high-quality development, reduce the asset-liability ratio and debt repayment pressure, and optimize the asset structure

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