Financial Street Holdings completes portfolio streamlining with subsidiary equity transfers

Financial Street Holdings Co. Ltd. has finalized two strategic transactions first announced on January 2, 2025. Its wholly-owned subsidiary, Chang'an Property (Beijing) Co. Ltd., divested its 30% stake in Beijing Future Science City Changrong Property Co. Ltd. (Changrong Company) for 68,525,000 yuan via a public listing on the Beijing Equity Exchange. The buyer, Future Science City Property Co. Ltd., also assumed Chang'an Property's 180,000,000 yuan creditor's rights in Changrong Company. Post-transfer, Chang'an Property no longer holds shares in Changrong Company.

In a separate transaction, Chang'an Property acquired a 51% equity interest in Changjin Company for 38,654,300 yuan, also through a public listing on the Beijing Equity Exchange. This acquisition ensures Chang'an Property now holds a 100% stake in Changjin Company, while also assuming Future Science City Property's 180,000,000 yuan creditor's rights in Changjin Company. Both transactions were executed at prices conforming to valuations approved by state-owned asset regulatory bodies, with "Property Rights Trading Contracts" officially signed.