Xiaomi Technology Co., Ltd. completed the acquisition of 5.01% stake in Dong Yi Ri Sheng Home Decoration Group Co.,Ltd. from Beijing Dongyi Tianzheng Investment Co., Ltd.
January 25, 2021
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Xiaomi Technology (Wuhan) Co., Ltd. signed Share Transfer Agreement to acquire 5.01% stake in Dong Yi Ri Sheng Home Decoration Group Co.,Ltd. (SZSE:002713) from Beijing Dongyi Tianzheng Investment Co., Ltd. for approximately CNY 140 million on October 27, 2020. As per terms of transaction, Xiaomi Technology (Wuhan) Co., Ltd. will acquire 21 million shares at CNY 6.62 per share. Post completion, Beijing Dongyi Tianzheng Investment Co., Ltd. will hold 56.11% stake.
Xiaomi Technology (Wuhan) Co., Ltd. completed the acquisition of 5.01% stake in Dong Yi Ri Sheng Home Decoration Group Co.,Ltd. (SZSE:002713) from Beijing Dongyi Tianzheng Investment Co., Ltd. on January 25, 2021. After the completion of this agreement transfer, Xiaomi Technology holds 21 million shares of the company, accounting for 5.01% of the company's total share capital, and becomes a shareholder of the company holding more than 5% of the company's shares, and is currently the company's second largest shareholder. The transfer of this agreement did not result in changes in the company's controlling shareholders and actual controllers, nor did it harm the interests of the company and other shareholders.
DONG YI RI SHENG HOME DECORATION GROUP CO.,LTD. is a China-based complete home improvement solution provider. The Company is mainly engaged in home building decoration design, decoration construction and product support businesses. The Company operates its business under four brand names, including DYRS Home Improvement Company, Super Home, Exquisite and Ruizhu. DYRS Home Improvement Company business is engaged in the custom furniture business based on lifestyle. Super Home is involved in the commercialization and the Internet business of home improvement. Ruizhu branded business in engaged in the provision of decoration integration services for luxury villas. Exquisite business is engaged in custom fine decoration business. The Company operates its business in domestic market.
Xiaomi Technology Co., Ltd. completed the acquisition of 5.01% stake in Dong Yi Ri Sheng Home Decoration Group Co.,Ltd. from Beijing Dongyi Tianzheng Investment Co., Ltd.