Vanke A: Shenzhen Railway Group will research, formulate and release various effective tools in an orderly manner to fully support the company

2023-11-06 13:26:30

Vanke A issued an announcement on the evening of November 6. After the stock market closed this followingnoon, the company’s largest shareholder Shenzhen Metro Group Co., Ltd. stated at a communication meeting with financial institutions that Shenzhen Railway Group is firmly optimistic regarding the company’s development prospects and has never formulated a plan. He has never made any plans to reduce his shareholding in the company, and has never expressed his intention to reduce his shareholding on any occasion. At the same time, in order to boost market confidence, various effective tools will be researched, formulated and released in an orderly manner to fully support the company.

These include: undertaking some of the company’s urban renewal projects in Shenzhen in a market-oriented and legalized manner, helping the company revitalize large assets and injecting new liquidity into the company. The transaction amount is expected to exceed RMB 10 billion; Shenzhen Railway Group We are actively preparing to purchase the bonds issued by the company in the open market at an appropriate opportunity.

The announcement stated that as of the date of this announcement, there are no specific arrangements for the aforementioned matters and there is uncertainty. The company will make further announcements in due course in accordance with the listing rules and other applicable laws and regulations.

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