---
title: "YUEXIU PROPERTY's subsidiary holds a 20% stake in a residential project in Hangzhou, involving an investment of 600 million RMB"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276002334.md"
description: "YUEXIU PROPERTY announced that its subsidiary Hangzhou Yuejia has acquired a 35.35% stake in Binjiang Group's Hangzhou Binwan for RMB 600 million. The transaction includes a share transfer price of RMB 283 million, RMB 1.64 million in payable interest, and RMB 316 million in shareholder loans, with funds to be allocated through internal resources. Hangzhou Binwan is located in the Xiaoshan District of Hangzhou, with a total land area of 28,869 square meters, planned for residential development"
datetime: "2026-02-15T10:28:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276002334.md)
  - [en](https://longbridge.com/en/news/276002334.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276002334.md)
---

# YUEXIU PROPERTY's subsidiary holds a 20% stake in a residential project in Hangzhou, involving an investment of 600 million RMB

YUEXIU PROPERTY (00123.HK) announced that its subsidiary Hangzhou Yuejia has acquired a 35.35% stake in Binjiang Group (002244.SZ) for a total consideration of 600 million RMB, including a share transfer price of 283 million RMB, interest payable of 1.64 million RMB, and a shareholder loan of 316 million RMB provided according to the shareholding ratio, which will be allocated from internal resources.

Hangzhou Binwan holds a land parcel located in Xiaoshan District, Hangzhou City, with a total area of 28,869 square meters, which will be developed for residential purposes for sale

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