Country Garden Life Service Group Co., Ltd. signed an agreement to acquire Anhui Chenghe Property Services Co., Ltd. from CASIN Real Estate Development Group Co., Ltd. for CNY 210 million.
October 06, 2021
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Country Garden Life Service Group Co., Ltd. signed an agreement to acquire Anhui Chenghe Property Services Co., Ltd. from CASIN Real Estate Development Group Co., Ltd. (SZSE:000838) for CNY 210 million on September 30, 2021. The total price of this equity transfer price is CNY 210 million will pay in two installments. The first installment of equity transfer will pay 10% of the total transfer price and the second installment of equity transfer will pay 90% of the total transfer price.
As on June 30, 2021, Anhui Chenghe Property Services Co., Ltd. reported total assets of CNY 215.395578 million, operating income of CNY 73.384551 million, Net income of CNY 12.541191 million and total owners equity of CNY 58.303625 million. Transaction is subject to approval of State Administration for Market Regulation. Transaction is approved by the Board of CASIN Real Estate Development Group Co., Ltd.
CASIN Real Estate Development Group Co., Ltd., formerly CASIN Guoxing Property Development Co., Ltd., is a China-based real estate company. The Company is mainly engaged in property development and commodity housing distribution. The Companyâs main products include residential and commercial properties. The on-sale projects of the Company include Guoxing Haitang International, CASIN City and CASIN Center, among others. The Company is also engaged in the treatment of industrial hazardous waste and provides hazardous waste treatment integrated solutions for industrial enterprises. The Company mainly operates its businesses in Chongqing, China.
Country Garden Life Service Group Co., Ltd. signed an agreement to acquire Anhui Chenghe Property Services Co., Ltd. from CASIN Real Estate Development Group Co., Ltd. for CNY 210 million.