Sun Hung Kai Properties Limited (SEHK:16) sale and purchase agreement to acquire 33.34% stake in Guangzhou Fujing Real Estate Development Co., Ltd. from Guangzhou R&F Properties Co., Ltd. (SEHK:2777) for CNY 160 million on May 26, 2026. A cash consideration of CNY 160 million will be paid by Sun Hung Kai Properties Limited. As part of consideration, CNY 160 million is paid towards common equity of Guangzhou Fujing Real Estate Development Co., Ltd. For the year ended December 31, 2025, Guangzhou Fujing Real Estate Development Co., Ltd. reported a net loss of CNY 2,293.93 million and net assets of CNY 37.19 million.