Link Real Estate Investment Trust (SEHK:823) agreed to acquire 50% stake in Qibao Vanke Plaza in Shanghai for approximately CNY 2380 million on February 9, 2024. The consideration consists of CNY 2383.8 million in cash. As part of the consideration, CNY 2383.8 million was paid towards assets.

Upon completion of the present transaction, Link will become the sole owner of the property.