[ET Net News Agency, 20 September 2018] Jiayuan International (02768) said it has
agreed to acquire 100% of the issued share capital of Chuangyuan Holdings from Shum Tin
Ching, the chairman of the company, at a consideration of HK$688.974 million.
The consideration will be fully settled by the allotment and issue of the 50.18 million
new shares by the company to Shum at the issue price of HK$13.73 per share, representing
2.02% of the issued share capital of the company and a discount of 5.31% to the closing
price per share of HK$14.5.
The target group is principally engaged in the property management business, which
primarily include property management services provided to property owners of residential
communities and commercial properties; and pre-delivery property management services
provided to property developers prior to the establishment of an owners' committee. (SC)
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02768 JIAYUAN INTL
Nominal 
0.173 0.000 (0.000%) Others
20/09/2018 10:12
Jiayuan Intl (02768) buys property mgmt biz from chairman
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