Yunnan Urban Investment Announces Progress on Major Asset Restructuring and Equity Transfer Completion (2026 Update)

云南城投置业股份有限公司重大资产重组最新进展公告深度解读

证券代码：600239
公告编号：临2026-012号

一、公告要点概述

截至公告日，云南城投置业股份有限公司（以下简称“公司”）本次重大资产重组暂无实质性进展。
公司通过公开挂牌方式出售多家下属公司股权，以优化资产结构、增强抗风险能力。
本次资产出售涉及重大资产重组及关联交易。

二、重大资产重组详情

公司及全资子公司天津银润投资有限公司通过云南产权交易所挂牌，出售以下公司股权：

苍南银泰置业有限公司、杭州海威房地产开发有限公司、平阳银泰置业有限公司、杭州云泰购物中心有限公司、宁波经济技术开发区泰悦置业有限公司、宁波银泰置业有限公司、黑龙江银泰置地有限公司、名尚银泰城（淄博）商业发展有限公司、哈尔滨银旗房地产开发有限公司、台州银泰置业有限公司各70%股权
北京房开创意港投资有限公司90%股权
天津银润持有宁波泰悦51%股权

其中，杭州海威70%股权受让方为北京银泰置地商业有限公司，其余10家公司股权受让方为公司控股股东云南省康旅控股集团有限公司下属全资子公司云南城投康源投资有限公司。

此次交易根据上海证券交易所的相关规定，构成关联交易，公司已履行相关审议和披露程序。

三、资产重组进展情况

公司于2020年4月至2021年4月间，连续召开董事会、监事会及股东大会，审议并披露了多项与本次重大资产重组相关的议案和公告。
期间，公司收到并回复了上海证券交易所的审核意见，并对重大资产出售方案进行了多次调整和披露。
截至目前，涉及的标的公司中，平阳银泰、杭州海威、苍南银泰、杭州云泰、宁波泰悦、淄博银泰、黑龙江银泰、台州置业、哈尔滨银旗等9家公司已完成工商变更登记手续。
宁波银泰、北京房开2家公司虽已办理股权交割，管理权已转移给受让方，但因其他股东等原因，工商变更手续暂未完成。

四、对股东及投资者的重要提示

资产重组已实质上完成，控股权变更已发生：公司已将宁波银泰、北京房开的股权管理权转移给受让方，公司不再是上述两家标的公司的控股股东。
仍有工商变更未完成：宁波银泰、北京房开的工商变更登记尚未完成，或在后续进展中影响资产交割及相关会计处理。
持续信息披露：公司承诺将根据进展情况，及时履行信息披露义务。
重大资产重组程序合法合规：交易过程及程序符合法律法规与交易所规定。
风险提示：建议投资者密切关注相关变更及公司后续公告，注意投资风险。

五、潜在影响与投资者需关注事项

此次大规模资产出售将显著优化公司资产结构，减少管理压力，有利于提升企业抗风险能力和财务健康度。
控股股东通过旗下平台接手大部分资产，可能影响公司未来业务结构和盈利模式。
尚未完成工商变更的宁波银泰及北京房开相关进展，可能对公司账面资产、合并报表范围产生一定影响，投资者需重点关注。
此类重大资产重组及控股权变动，通常被市场视为重大利好或风险提示，或将对公司股票价格产生一定影响。

六、官方信息披露渠道

公司所有相关公告将在上海证券交易所网站及《上海证券报》《中国证券报》《证券时报》《证券日报》发布，投资者应以官方渠道披露内容为准。

免责声明

本文仅为对云南城投置业股份有限公司公告内容的解读，不构成任何投资建议。投资有风险，决策请以公司官方公告及自身判断为准。

Yunnan Urban Investment Real Estate Co., Ltd. (600239) Major Asset Restructuring Progress: Detailed Investor Analysis

Ticker: 600239
Announcement No.: 临2026-012

1. Key Announcement Highlights

As of the announcement date, there has been no substantial progress in the company’s major asset restructuring.
The company is selling equity stakes in multiple subsidiaries via public listing to optimize its asset structure and enhance risk resistance.
The asset sale constitutes a major asset restructuring and related-party transaction.

2. Major Asset Restructuring Details

The company and its wholly-owned subsidiary, Tianjin Yinrun Investment Co., Ltd., are selling equity stakes in the following companies via listing on the Yunnan Property Rights Exchange:

70% equity in Cangnan Yintai, Hangzhou Haiwei, Pingyang Yintai, Hangzhou Yuntai, Ningbo Taiyue, Ningbo Yintai, Heilongjiang Yintai, Zibo Yintai, Taizhou Yintai, Harbin Yinqi
90% equity in Beijing Fangkai
51% equity in Ningbo Taiyue held by Tianjin Yinrun

Beijing Yintai Land Commercial Co., Ltd. is the transferee of 70% equity in Hangzhou Haiwei. The remaining stakes in the other 10 companies are acquired by the company’s controlling shareholder’s wholly-owned subsidiary, Yunnan Chengtou Kangyuan Investment Co., Ltd.

This transaction constitutes a related-party transaction under the Shanghai Stock Exchange’s relevant regulations, and all necessary review and disclosure procedures have been followed.

3. Progress of the Asset Restructuring

From April 2020 to April 2021, the company held a series of board, supervisory, and shareholder meetings to review and disclose multiple resolutions and announcements related to this major asset restructuring.
The company received and responded to review comments from the Shanghai Stock Exchange and made multiple adjustments and disclosures regarding the restructuring plan.
To date, 9 of the target companies have completed industrial and commercial registration changes, with only Ningbo Yintai and Beijing Fangkai pending despite management control already being transferred to the asset transferees.

4. Key Points for Shareholders and Investors

Substantive Completion of Asset Restructuring and Transfer of Control: The company no longer holds controlling stakes in Ningbo Yintai and Beijing Fangkai as management rights have been transferred to transferees.
Pending Industrial and Commercial Registration: Registration processes for Ningbo Yintai and Beijing Fangkai are yet to be completed, which may impact subsequent asset delivery and accounting treatment.
Ongoing Information Disclosure: The company promises timely reporting of progress per regulations.
Compliance: The transaction process complies with laws, regulations, and exchange rules.
Risk Disclosure: Investors are advised to pay close attention to these changes and subsequent announcements for investment risk management.

5. Potential Impacts & Investor Focus Areas

The sale of a large number of subsidiaries could significantly optimize the company’s asset structure and improve financial health.
Control of most assets will move to the controlling shareholder, potentially affecting the company’s future business structure and profit model.
Pending registration with Ningbo Yintai and Beijing Fangkai could impact the company’s consolidated statements and reported assets; investors should monitor closely.
Such major asset restructuring and change of control are typically viewed by the market as significant events, impacting share price either positively or as a risk factor.

6. Official Disclosure Channels

All related announcements will be published on the official Shanghai Stock Exchange website and in designated newspapers. Investors should rely on those channels for accurate information.

Disclaimer

This article is an interpretation of public information disclosed by Yunnan Urban Investment Real Estate Co., Ltd. and does not constitute investment advice. Investment decisions should be based on official company disclosures and personal judgment. Risks associated with investment are the responsibility of the investor.