Kunming Sinobright Co., Ltd. cancelled the acquisition of additional 0.5% stake in Kunming Sinobright Department Store Jiayou Baobei Trading Co., Ltd. from Zhang Yuan.
December 01, 2015 at 11:00 pm EST
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Kunming Sinobright (Group) Co., Ltd. (SZSE:000560) agreed to acquire an additional 0.5% stake in Kunming Sinobright Department Store Jiayou Baobei Trading Co., Ltd. from Zhang Yuan for CNY 0.04 million on December 2, 2014. After the transaction, Kunming Sinobright (Group) Co., Ltd will hold 95% stake in Kunming Sinobright Department Store Jiayou Baobei Trading Co., Ltd. For the year ending December 31, 2013, Kunming Sinobright Department Store Jiayou Baobei Trading Co., Ltd reported total assets of CNY 28.03 million, total liabilities of CNY 19.56 million, net assets of CNY 8.47 million, revenues of CNY 137.73 million and net profit of CNY 1.93 million. The Board of Kunming Sinobright (Group) Co., Ltd approved the transaction on December 2, 2014.
Kunming Sinobright (Group) Co., Ltd. (SZSE:000560) cancelled the acquisition of additional 0.5% stake in Kunming Sinobright Department Store Jiayou Baobei Trading Co., Ltd. from Zhang Yuan on December 2, 2015.
5I5J HOLDING GROUP CO., LTD. is a China-based company mainly engaged in the real estate business. The Company operates three main businesses. Real estate brokerage business includes second-hand house brokerage business, new house business and overseas business. The property management business is engaged in the residential leasing and property management. The commercial asset management business is engaged in the management of commercial rental operations such as department stores. The Company is also engaged in commercial retail, hotel travel services, real estate development, property services and other services. The Company conducts its business within the domestic market and to overseas markets.
Kunming Sinobright Co., Ltd. cancelled the acquisition of additional 0.5% stake in Kunming Sinobright Department Store Jiayou Baobei Trading Co., Ltd. from Zhang Yuan.
5I5J HOLDING GROUP CO., LTD. 