Tianfu Cultural Tourism: Lowered the listing reserve price for the Jiahe Beijing City project to 52.9766 million yuan.

date
20/10/2026
Tianfu Cultural Tourism announced that the company had previously planned to publicly list for transfer 170 commercial property assets of the Jiahe Beijing City project, with a first listing reserve price of RMB 58.8628 million. No intended transferees were solicited during the first listing period. Pursuant to authorization from the shareholders' meeting, the company adjusted the transfer reserve price to RMB 52.9766 million, approximately 10% lower than the first listing price and no less than 90% of the appraised value. The second round of public listing was launched on October 21, 2026, with all other transfer terms unchanged. The final transferee and transaction price for this transaction have not yet been determined, and there is a risk of extension or failure to complete the transaction.
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