BEH-Property Co., Ltd intends to acquire Beijing Lifu Real Estate Development Co., Ltd. from Beijing Golden Time Real Estate Development Co., Ltd. for approximately CNY 360 million.
August 31, 2021
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BEH-Property Co., Ltd (SHSE:600791) intends to acquire Beijing Lifu Real Estate Development Co., Ltd. from Beijing Golden Time Real Estate Development Co., Ltd. for approximately CNY 360 million on August 25, 2021. The first installment of 50% of consideration payable within 15 working days after the effective date of agreement and remaining 50% payable within 14 working days after completion of transaction. As of June 30, 2021, Beijing Lifu Real Estate Development Co., Ltd. has reported total assets of CNY 921.39 million and net assets of CNY 307.27 million. The Board of Directors of BEH-Property Co., Ltd. has approved the transaction. As of September 16, 2021, the shareholders of BEH-Property approved the transaction.
BEH-Property Co Ltd is a China-based company that is primarily engaged in real estate development. The Company primarily provides residential real estate, commercial real estate, storage real estate, and garage real estate. The Company primarily conducts real estate development business in Beijing, Yinchuan, Ningxia, and Tianjin.
BEH-Property Co., Ltd intends to acquire Beijing Lifu Real Estate Development Co., Ltd. from Beijing Golden Time Real Estate Development Co., Ltd. for approximately CNY 360 million.