China Merchants Shekou (00978.HK) subsidiary plans to acquire 100% equity of Nanjing China Merchants Qisheng Real Estate with a total of 2.59 billion yuan.

Zhijing Finance APP News, China Merchants Bureau (00978.HK) announced that on November 20, 2025, Nanjing Zhaoping Zhi Sheng Business Management Co., Ltd. (Nanjing Zhaoping, an indirect non-wholly-owned subsidiary of the company) signed a stock purchase agreement with CITIC Securities. According to this agreement, CITIC Securities (as the plan manager of the asset support plan, acting on behalf of the asset-backed securities holders) agreed to transfer 100% equity of the project company Nanjing China Merchants Qi Sheng Real Estate Co., Ltd. (as the physical distribution under the asset support plan) to Nanjing Zhaoping, with a value of 259 million yuan.