Ying Da Real Estate (00432.HK) Subsidiary Proposes to Sell Entire Equity Stake in PACIFIC CENTURY PLACE, JAKARTA

NightAirdropper · 2026-03-16T07:23:08+00:00

Yingda Real Estate will enter into a share purchase agreement with Melati Holding Limited and Palace APAC New Infrastructure Investment GP in 2026 to sell all equity and corresponding shareholder loans of the target company for $400 million.

NightAirdropper

2026-03-16 07:23:08

Abstract generation in progress

Smart Insight News: On March 15, Yingda Properties (00432.HK) announced that on March 16, 2026 (before trading hours), the company, the seller Melati Holding Limited (an indirect wholly-owned subsidiary of the company), and the buyer Palace APAC New Infrastructure Investment GP entered into a share purchase agreement. Under this agreement, the seller agrees to (i) sell, and the buyer agrees to purchase, all issued shares of the target company, and (ii) assign, and the buyer agrees to accept, the shareholder loan. The total consideration is US$400 million (equivalent to approximately HK$3.12 billion), which may be adjusted according to customary closing accounts.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.