---
title: "ST CREC: Plans to transfer fundraising projects to related parties"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/244731135.md"
description: "ST CREC announced that the company plans to transfer the real estate development-related assets and liabilities it holds to its controlling shareholder, the Real Estate Group. This transaction constitutes a major asset restructuring. The scope of the transaction includes fundraising investment projects, which will lead to the termination of these projects. This transaction has been approved by the board of directors and still needs to be submitted for approval at the shareholders' meeting. As of the end of 2024, the Changsha Fengming Dongfang project has accumulated an investment of 157 million yuan, and the Tianjin Chunying Haihe project has accumulated an investment of 277 million yuan, totaling 434 million yuan"
datetime: "2025-06-16T13:39:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/244731135.md)
  - [en](https://longbridge.com/en/news/244731135.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/244731135.md)
---

# ST CREC: Plans to transfer fundraising projects to related parties

\*ST CREC announced that the company plans to transfer the assets and liabilities related to its real estate development business to its controlling shareholder, the Real Estate Group. This transaction constitutes a significant asset restructuring. The scope of the transaction includes fundraising projects, which will lead to the termination of the fundraising projects. This transaction has been approved by the board of directors and still needs to be submitted for approval at the shareholders' meeting. As of the end of 2024, the Changsha Fengming Dongfang project has accumulated an investment of 157 million yuan, and the Tianjin Chunying Haihe project has accumulated an investment of 277 million yuan, totaling 434 million yuan

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