Country Garden Property Services HK Holdings Company Limited made an offer to acquire remaining 28.83% stake in Sichuan Languang Justbon Services Group Co., Ltd. (SEHK:2606) for HKD 2.8 billion on May 3, 2021. Under the terms of the offer, Country Garden will pay HKD 54.3 per share of Sichuan Languang Justbon Services. The offer period will open on June 18, 2021 and will close on July 2, 2021. As of July 2, 2021, the offer period has been extended till July 16, 2021 (second extended closing date). The settlement will take place on August 2, 2021. The delisting of share is expected to be on September 3, 2021. As on July 15, 2021, the Delisting Resolution was approved, and the delisting acceptance condition was satisfied. Accordingly, the Offers will remain open for acceptance until, August 12, 2021, which is 28 days following the date of satisfaction of the delisting acceptance condition. The transaction is subject to shareholder's approval of Sichuan Languang Justbon Services. Independent Board recommend the Independent Sichuan Languang Justbon Services Group Shareholders to accept the transaction. Committee The extraordinary general meeting will take place on June 17, 2021. On June 17, 2021, the transaction was approved by the shareholder of Sichuan Languang Justbon Services. Gram Capital Limited and JP Morgan Securities (Far East) Limited acted as a financial advisor to Country Garden. Country Garden Property Services HK Holdings Company Limited completed the acquisition of remaining 28.83% stake in Sichuan Languang Justbon Services Group Co., Ltd. (SEHK:2606) on August 12, 2021. The offer was closed on August 12, 2021 and was not extended further. As of August 12, 2021, valid acceptances for 50.46 million H shares and 0.37 million domestic shares of Sichuan Languang Justbon Services Group Co., Ltd. were received. The voluntary withdrawal of listing of the H shares of Sichuan Languang Justbon Services Group Co., Ltd. from the Stock Exchange would happen on August 19, 2021.