Media Coverage

On 22 February 2023, Sino-Ocean Group and Swire Properties jointly announced the completion of the Second Closing and the Third Closing of the transaction related to Sino-Ocean Taikoo Li Chengdu's 50% interest and its property management company's 50% interest. The respective interests of Sino-Ocean Group and Sino-Ocean Service in the Property Holdco and the PM Co will decrease from 50% to 35% upon the First Closing. Upon the Second Closing, Sino-Ocean Service will cease to have any interest in the PM Co, and upon the Third Closing, Sino-Ocean Group will cease to have any interest in the Property Holdco.