ST CREC's major asset restructuring was approved by a high vote, in line with the "light asset" trend in the real estate industry
ST CREC passed multiple trading proposals with high votes at the fifth extraordinary general meeting of shareholders in 2025, marking an important step in the company's strategic transformation. The voting results show a support rate of 98.039%, reflecting the market's recognition of the restructuring plan. This restructuring will divest heavy asset and high-debt businesses, focusing on light asset operations, aiming to reduce financial risks and align with the "light asset" trend in the real estate industry. Analysts believe that this move will enhance the company's operational stability and capital market valuation
According to the Zhitong Finance APP, on August 11, *ST CREC (000736.SZ) disclosed the results of the network voting for the fifth extraordinary general meeting of shareholders in 2025. Multiple transaction proposals, including the "Report on Major Asset Disposal and Related Transactions of China Communications Real Estate Group Co., Ltd. (Draft) (Revised) and its Summary," were passed with high votes, marking a key step in the company's strategic transformation.
The announcement shows that a total of 433 shareholders participated in the network voting, representing a total of 106.67 million shares, accounting for 14.2781% of the total shares with voting rights in the company. Among them, the proposal for the "Report on Major Asset Disposal and Related Transactions (Draft) (Revised) and its Summary" received 98.0390% of the votes in favor, with the voting results of small and medium-sized shareholders consistent with the overall results, indicating a high level of recognition from all parties in the market for this restructuring plan.
According to the plan, China Communications Real Estate will divest some of its heavy asset and high-debt businesses, optimize its asset-liability structure, and focus on light asset businesses such as property management, asset management, and operations. This move will not only help reduce financial risks and resolve delisting concerns but also aligns with the current structural adjustment trend in the real estate industry from heavy to light assets. In recent years, affected by market downturns and tightened financing, property companies under several real estate firms, such as Poly Property and China Merchants Jinling, have been given important strategic positions to enhance stable cash flow and improve corporate valuation.
Industry analysis points out that the light asset transformation of China Communications Real Estate is expected to improve operational stability while enhancing the company's valuation level in the capital market
