Beijing Capital Development Plans to Transfer Real Estate Business to Controlling Shareholder

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Beijing Business Daily (Reporter Li Han) reported that on March 15, Jingtou Development announced its plan to transfer assets and liabilities related to its real estate development business to its controlling shareholder, Beijing Infrastructure Investment Co., Ltd. (hereinafter referred to as “Jingtou Company”).

The announcement states that Jingtou Company, the counterparty, is a state-owned sole proprietorship. As of September 30, 2025, it holds a 40% stake in Jingtou Development. Financial data shows that, during the same period, Jingtou Company’s total assets amounted to 955.345 billion yuan, net assets were 328.761 billion yuan, and net profit from January to September 2025 was 2.063 billion yuan.

Jingtou Development indicated that this transaction will be paid in cash, will not involve issuing shares, will not affect the company’s equity structure, and will not result in a change of the company’s controlling shareholder. If the transaction is successfully completed, the company’s operating income and total assets are expected to decrease, and it is anticipated to improve the company’s debt-to-asset ratio and optimize its asset structure.

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