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RTNominal up0.960 +0.020 (+2.128%)

29/09/2021 09:53

CG Services (06098) to buy Link Joy at RMB3,300 million

[ET Net News Agency, 29 September 2021] Country Garden Services Holdings Company
Limited (06098) said CG Property Services HK (an indirect wholly-owned subsidiary of the
company) and Colour Life Services have entered into the equity transfer agreement,
pursuant to which the group has agreed to acquire 100% of the equity interests in Link Joy
Holdings Group Co., Limited (the target company). The maximum amount of the total
consideration for the acquisition is RMB3,300 million.
The target group is the core asset of Colour Life Services, a leading property
management and community services operator in the PRC. (RC)

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