Xie Yong completed the acquisition of an additional 8.56% stake in Kunming Sinobright Co., Ltd. from Huaxia Western Economic Development Co., Ltd.
November 16, 2015
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Xie Yong agreed to acquire an additional 8.56% stake in Kunming Sinobright (Group) Co., Ltd. (SZSE:000560) from Huaxia Western Economic Development Co., Ltd. on October 27, 2015. Xie Yong signed the share transfer agreement to acquire an additional 8.56% stake in Kunming Sinobright (Group) Co., Ltd. from Huaxia Western Economic Development Co., Ltd. for CNY 750 million on November 4, 2015. Xie Yong will acquire 100 million shares of Kunming Sinobright (Group) Co., Ltd. increasing his ownership to 27.88% stake in Kunming Sinobright (Group) Co., Ltd.
Xie Yong completed the acquisition of an additional 8.56% stake in Kunming Sinobright (Group) Co., Ltd. (SZSE:000560) from Huaxia Western Economic Development Co., Ltd. on November 17, 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.
5I5J HOLDING GROUP CO., LTD. 
