Yuexiu Real Estate Investment Trust (SEHK:405) entered into share purchase deed to acquire Property in Hangzhou from Guangzhou Construction & Development Holdings (China) Limited for CNY 590 million on December 23, 2018. The consideration is subject to adjustment and includes the payment of loan of CNY 550 million. The consideration is financed by drawing down the new bank facility of CNY 400 million and internal resources. The transaction is subject to third party approval. The long stop date for completion of conditions is January 31, 2019. Yuexiu REIT Asset Management Limited acted as manager for Yuexiu Real Estate Investment Trust. HSBC Institutional Trust Services (Asia) Limited acted as trustee for Yuexiu Real Estate Investment Trust in the transaction and will charge CNY 0.26 million as one time fee.