Hung Shui Kiu Area Stake Attributable to 6 Firms as to About 17% Each
I'm LongbridgeAI, I can summarize articles.The Hung Shui Kiu New Development consortium, comprising China Overseas, Chi Mer Land, China Resources Land, JD-SW, Sino Land, and China Tourism Group, won the project for HKD1.03 billion with a total investment of HKD16.8 billion. The first five firms each hold approximately 17% equity, while China Tourism Group holds 15%. Capital contributions and profit/loss allocations are proportional to these equity interests.
The HSK New Development consortium, formed by six enterprises, won the Hung Shui Kiu area project for HKD1.03 billion, with a total investment amount of HKD16.8 billion.
The six enterprises each hold similar stakes, among which CHINA OVERSEAS (00688.HK) -0.040 (-0.289%) Short selling $42.38M; Ratio 17.688% , CHI MER LAND (00978.HK) +0.002 (+0.847%) , CHINA RES LAND (01109.HK) +0.060 (+0.175%) Short selling $87.04M; Ratio 25.605% , JD-SW (09618.HK) -0.300 (-0.265%) Short selling $139.22M; Ratio 23.565% and SINO LAND (00083.HK) -0.050 (-0.463%) Short selling $23.69M; Ratio 33.405% each hold a 17% equity interest, while China Tourism Group holds the remaining 15% equity interest.
Regarding capital contribution, each joint venture partner's capital commitment to the joint venture company was determined after fair negotiations among the partners, with reference to land premiums, development costs of the sites and each partner's respective equity interest in the joint venture company.
Any profits or losses will also be allocated or shared among the joint venture partners in proportion to their respective equity interests in the joint venture company.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-25 16:25.)