Beijing Taihe Jinhui Property Co., Ltd. signed the property transaction contract to acquire remaining 51% stake in Beijing Qiaoxi Investment Co., Ltd. from Shenzhen Overseas Chinese Town Co., Ltd. for CNY 770 million.
Beijing Taihe Jinhui Property Co., Ltd. signed the property transaction contract to acquire remaining 51% stake in Beijing Qiaoxi Investment Co., Ltd. from Shenzhen Overseas Chinese Town Co., Ltd. (SZSE:000069) for CNY 770 million on December 29, 2017. Beijing Taihe Jinhui Property Co., Ltd. won a bid to acquire remaining 51% stake in Beijing Qiaoxi Investment Co., Ltd. Upon completion, Beijing Taihe Jinhui Property Co., Ltd. will hold 100% stake in Beijing Qiaoxi Investment Co., Ltd. The transaction has been approved by Board of Tahoe Group Co., Ltd. (SZSE:000732), parent of Beijing Taihe Jinhui Property Co., Ltd.