HKR International Enters Jiaxing Retail Project via RMB1.95 Billion Joint Venture

The latest announcement is out from HKR International Limited ( (HK:0480) ).

HKR International’s wholly owned subsidiary Jiaxing Xiuyu has, together with an independent partner, secured land-use rights for a 72,628 sq.m. commercial site in Xiuzhou District, Jiaxing City, for RMB216.43 million via a public listing-for-sale process. The plot, with a maximum gross floor area of 130,730 sq.m. and a 40-year commercial tenure, is earmarked for development into a shopping centre aimed at generating rental income.

Under a cooperation framework, Jiaxing Xiuyu will hold 10% and the joint-venture partner 90% of a new project company that will own and develop the site, with total project capital capped at RMB1.95 billion. Jiaxing Xiuyu’s maximum capital commitment is RMB195 million, including equity, reserves and potential guarantees on external financing, signaling a measured expansion of HKR International’s mainland retail property footprint while limiting balance-sheet risk through a minority stake and project-level leverage.

The most recent analyst rating on (HK:0480) stock is a Buy with a HK$1.63 price target. To see the full list of analyst forecasts on HKR International Limited stock, see the HK:0480 Stock Forecast page.

More about HKR International Limited

HKR International Limited is a Hong Kong-listed property developer and investor with a portfolio that includes residential, commercial and mixed-use projects in Mainland China and the region. Through subsidiaries such as Jiaxing Xiuyu, the group focuses on acquiring and developing land for income-generating properties, including shopping centres, to expand its recurrent rental income base.

Average Trading Volume: 366,990

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.77B

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