Zhuhai Da Heng Qin Investment Co.,Ltd. completed the acquisition of 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. from Zhuhai Aviation City Development Group Co., Ltd.
March 07, 2023
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Zhuhai Da Heng Qin Investment Co.,Ltd. signed the share transfer agreement to acquire 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. (SZSE:002047) from Zhuhai Aviation City Development Group Co., Ltd. for approximately CNY 1,455 million on February 17, 2023. The transfer price is CNY 4.932 per share and total shares to be acquired is 295,085,323. Both parties agreed that the share transfer price will be paid in cash. The specific payment method is: within 5 working days after the signing of this agreement, the buyer shall pay 30% of the share transfer payment, and the rest of the share transfer payment should be fully settled before the transfer of shares.
Zhuhai Da Heng Qin Investment Co.,Ltd. completed the acquisition of 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. (SZSE:002047) from Zhuhai Aviation City Development Group Co., Ltd. on March 7, 2023.
Shenzhen Bauing Construction Holding Group Co Ltd is a China-based company mainly engaged in decoration engineering construction business. The Company is committed to providing customers with full-process services including comprehensive solutions for construction, decoration engineering design and construction, and construction management. The Company operates three businesses. The decoration engineering construction business is engaged in the construction of decoration and renovation projects, curtain wall steel structure projects, general construction contracting, integrated intelligent projects, building fire protection projects, mechanical and electrical installation projects, security technology projects, professional clean projects, metal door and window projects, and exhibition projects. The decoration engineering design business is engaged in the fine decoration design of public buildings and residences. The other business is engaged in other decoration-related businesses.
Zhuhai Da Heng Qin Investment Co.,Ltd. completed the acquisition of 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. from Zhuhai Aviation City Development Group Co., Ltd.