The transaction price is only 1 yuan! China Communications Construction Real Estate disclosed the "refund" draft

Wallstreetcn
2025.06.18 10:21

What can 1 yuan buy? The answer given by China Communications Real Estate Group Co., Ltd. is: approximately 3.92 billion yuan in negative assets! On June 17th, China Communications Real Estate Co., Ltd. disclosed 40 related announcements regarding a major asset sale. The core content is that China Communications Real Estate plans to completely divest its real estate development business's related assets and liabilities for a consideration of 1 yuan, with the acquirer being the controlling shareholder, the Real Estate Group

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