Jinke Property Group Co., Ltd. cancelled the acquisition of 20% stake in Chongqing Hengsheng Daye Construction Technology Group Co., Ltd from Chongqing Liangjiang New District Keyi Microfinancing Co., Ltd.
April 27, 2024
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Jinke Property Group Co., Ltd. (SZSE:000656) agreed to acquire 20% stake in Chongqing Hengsheng Daye Construction Technology Group Co., Ltd from Chongqing Liangjiang New District Keyi Microfinancing Co., Ltd on June 20, 2023. Chongqing Hengsheng Daye Construction Technology Group Co., Ltd reported Total assets worth CNY 2.4 billion, Total revenue of approximately CNY 900 million, Total Common equity of approximately CNY 750 million and Net Income of CNY 70 million on December 31, 2022. Transaction has already been approved by in-principle by the company?s controlling shareholder Chongqing Jinke Investment Holding (Group) Co., Ltd, Transaction has already been approved by the company?s 11th directorate during its 35th meeting, Transaction has been approved by the internal decision-making bodies of Liangjiang Keyi, Transaction has been approved by shareholders? meeting of Hengsheng Daye, Transaction is subject to further approval by the company?s directorate after audit and valuation of Hengsheng Daye?s assets and after the deal price has been determined, Transaction is subject to approval by shareholders? meeting of the Jinke Property Group and Transaction is subject to subject to approval by Shenzhen Stock Exchange and China Securities Regulatory Commission.
Jinke Property Group Co., Ltd. (SZSE:000656) cancelled the acquisition of 20% stake in Chongqing Hengsheng Daye Construction Technology Group Co., Ltd from Chongqing Liangjiang New District Keyi Microfinancing Co., Ltd on April 27, 2024.
JINKE PROPERTY GROUP CO.,LTD. is a China-based company principally engaged in the development and distribution of real estates. The Company mainly operates through three segments. Real Estate segment is primarily engaged in the development of residential and commercial properties, as well as the development and operation of industrial estates. Community Integrated Services segment mainly provides property management services. New Energy segment consists of wind power and photovoltaic power generation. The Company is also involved in hotel management, gardening and architecture decoration businesses. The Company operates its business in domestic market, mainly in Chongqing and Jiangsu Province, China.
Jinke Property Group Co., Ltd. cancelled the acquisition of 20% stake in Chongqing Hengsheng Daye Construction Technology Group Co., Ltd from Chongqing Liangjiang New District Keyi Microfinancing Co., Ltd.