Gree Real Estate stock volatility and strategic shift

Gree Real Estate (SSE:600185) has issued an announcement regarding abnormal stock trading fluctuations. The company's stock price experienced a cumulative deviation of 20% over three consecutive trading days (April 8-10, 2025), triggering the exchange's alert. Gree Real Estate cautioned investors about potential volatility. The company has confirmed a significant strategic shift: Gree Real Estate is exiting the real estate sector via an asset swap completed in December 2024. The focus will shift towards developing its duty-free business and the broader consumer industry. Furthermore, Gree Real Estate disclosed that its controlling shareholder, Zhuhai Investment Holding Co., will undergo an equity structure change. Zhuhai State-owned Assets Supervision and Administration Commission will transfer its shares to Zhuhai Huafa Group. However, the change will not affect Gree Real Estate's controlling shareholder or its actual controller.