From Building High-End Retail in Sanya to Acquiring Zhuhai Duty-Free for Nearly 9 Billion Yuan, How Did Gree Real Estate Deepen Its Duty-Free Business Step by Step?

On March 22nd, Gree Real Estate (SH:600185) announced that it plans to issue shares and pay cash to the Zhuhai State-owned Assets Supervision and Administration Commission and the City Construction Group in order to purchase their combined holdings of 100% equity in Zhuhai Duty-Free. The transaction is priced at CNY 8.978 billion, with CNY 7.631 billion to be paid in shares and the remaining amount to be paid in cash.
At the same time, Gree Real Estate plans to issue shares to no more than 35 specific investors to raise funds, with the total amount of funds raised not exceeding CNY 7 …