Link Real Estate Investment Trust (SEHK:823) agreed to acquire 50% stake in Qibao Vanke Plaza in Shanghai from Zhuhai Maode Chengtou Commercial Development Co., Ltd. for approximately CNY 2380 million on February 9, 2024. As part of the consideration, CNY 2383.8 million was paid in cash including an earnout payment of CNY 20 million. Upon completion of the present transaction, Link will become the sole owner of the property.
Link Real Estate Investment Trust (SEHK:823) acquired 50% stake in Qibao Vanke Plaza in Shanghai from Zhuhai Maode Chengtou Commercial Development Co., Ltd. for approximately CNY 2380 million on February 20, 2024.

Link Real Estate Investment Trust (SEHK:823) completed the acquisition of 50% stake in Qibao Vanke Plaza in Shanghai from Zhuhai Maode Chengtou Commercial Development Co., Ltd. for approximately CNY 2380 million on February 20, 2024.