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Sign in Sign up for a FREE subscriptionTop Spring International Holdings to sell stakes for $1.99b
Chinese real estate investment firm Top Spring International Holdings is selling stakes in four companies that collectively own more than half a dozen real estate projects in China for nearly 13.326 billion yuan ($1.99 billion).
The sale shares represent the entire equity interest in Tai Xiang Information Consulting (Shenzhen), 79 percent equity interest in Changzhou Top Spring Water Flower Property Development, 25 percent equity interest in Shenzhen Water Flower Property Development and 19 percent equity interest in Nanchang Top Spring Real Estate.
The target companies, directly or indirectly, own eight property projects at various
stages of development in six cities in the People's Republic of China with a total estimated net saleable/leasable GFA of about 21.1 million square feet. Upon completion, the target companies will
