Zhuhai Da Heng Qin Investment Co.,Ltd. completed the acquisition of 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. from Zhuhai Aviation City Development Group Co., Ltd.
March 06, 2023
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Zhuhai Da Heng Qin Investment Co.,Ltd. signed the share transfer agreement to acquire 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. (SZSE:002047) from Zhuhai Aviation City Development Group Co., Ltd. for approximately CNY 1,455 million on February 17, 2023. The transfer price is CNY 4.932 per share and total shares to be acquired is 295,085,323. Both parties agreed that the share transfer price will be paid in cash. The specific payment method is: within 5 working days after the signing of this agreement, the buyer shall pay 30% of the share transfer payment, and the rest of the share transfer payment should be fully settled before the transfer of shares.
Zhuhai Da Heng Qin Investment Co.,Ltd. completed the acquisition of 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. (SZSE:002047) from Zhuhai Aviation City Development Group Co., Ltd. on March 7, 2023.
Shenzhen Bauing Construction Holding Group Co.,Ltd. is a China-based company principally engaged in comprehensive architectural decoration and contracting construction. The Company is mainly engaged in the provision of decorative design and construction services. The Company's projects are categorized into public building decoration, residential decoration, curtain wall decoration and other projects, which include hotels, office buildings, exhibitions, subways, airports, hospitals, theaters, sports centers, clubs, factories, schools and shopping malls, among others. The Company operates its business in domestic and overseas market.
Zhuhai Da Heng Qin Investment Co.,Ltd. completed the acquisition of 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. from Zhuhai Aviation City Development Group Co., Ltd.