SYN prop e tech S A : Material Fact - Acquisition of Participation in startup CondoConta
June 30, 2022 at 05:53 pm EDT
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SYN PROP E TECH S.A. ("Company"), a category A publicly held company registered with the Brazilian Securities and Exchange Commission ("CVM"), pursuant to article 157, paragraph 4 of Law No. 6,404/76 and CVM Resolution No 44/2021, hereby informs its shareholders and the market in general that, on the date hereof, the Company entered into an agreement by which it purchased 19,946,452 shares of CondoConta Ltd., equivalent to a 10% equity interest in the company, totaling an investment of USD 4,458,428.87.
CondoConta acts as an exclusive digital bank for condominiums, offering, among other features, financing for construction works and related equipment, insurances and guaranteed revenue for defaulting condominium members. This acquisition is part of the strategy to diversify investments in technology companies that have synergy with the Company.
Finally, the Company reaffirms its commitment to keep its shareholders and the market in general informed regarding this and any other material fact.
São Paulo, June 30th, 2022
HECTOR BRUNO FRANCO DE CARVALHO LEITÃO
Chief Financial and Investors Relation Officer
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Syn Prop Tech SA published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 21:52:06 UTC.
SYN prop e tech SA, formerly known as Cyrela Commercial Properties SA Empreendimentos e Participacoes, is a Brazil-based company involved in the real estate sector. The Company focuses on the development, trade and management of commercial properties in Brazil. Its activities are divided into five business segments: Commercial Buildings, which consists of the sale and leasing of completed office properties; Real Estate Development, which is involved in the sale of office units under construction; Warehouses, which offers leasing of industrial warehouses; Shopping malls, which is responsible for the lease of stores in shopping malls; and Services, which provides management of shopping malls and parking lots, as well as development of properties. The Company owns a number of subsidiaries, such as Aquarius Empreendimentos e Participacoes Ltda, Millennium de Investimentos Imobiliarios Ltda and Miconia Empreendimentos Imobiliarios Ltda, among others.
SYN PROP & TECH S.A. 
