Shanghai Jiupin Enterprise Management Center (Limited Partnership) agreed to acquire additional 12.49% stake of Shanghai Zhuoyun Enterprise Development Partnership (Limited Partnership) from Hanjia Design Group Co., Ltd. for approximately CNY 150 million.
July 09, 2020
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Shanghai Jiupin Enterprise Management Center (Limited Partnership) agreed to acquire additional 12.49% stake of Shanghai Zhuoyun Enterprise Development Partnership (Limited Partnership) from Hanjia Design Group Co., Ltd. (SZSE:300746) for approximately CNY 150 million on July 10, 2020. Currently, Shanghai Jiupin owns 25.06% stake in Shanghai Zhuoyun, while Hanjia Design owns 24.98% stake in Shanghai Zhuoyun. As a result of the transaction, Shanghai Jiupin will raise its stake in Shanghai Zhuoyun to 37.55% and Hanjia Design’s stake in Shanghai Zhuoyun will reduced to 12.49%. As of December 31, 2019, Shanghai Zhuoyun reported total assets of CNY 1.2 billion, owner’s equity of CNY 1.2 billion, revenue of CNY 0, net profit of CNY 33.76 million. The transaction is approved by board of directors of Hanjia Desig.
HANJIA DESIGN CROUP CO.,LTD. is a China-based company principally engaged in architectural design, decoration landscape municipal design and engineering procurement and construction (EPC) general contracting businesses. The Company is involved in the planning and design of the construction projects, as well as the design of buildings, curtain walls, floodlighting, intelligent projects, geotechnical engineering, municipal projects, garden landscapes and interior and exterior decoration,. The Company mainly conducts its businesses in domestic market.
Shanghai Jiupin Enterprise Management Center (Limited Partnership) agreed to acquire additional 12.49% stake of Shanghai Zhuoyun Enterprise Development Partnership (Limited Partnership) from Hanjia Design Group Co., Ltd. for approximately CNY 150 million.