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RTNominal down15.420 -0.260 (-1.658%)

27/09/2021 10:51

China Lesso (02128) to buy target company at RMB100

[ET Net News Agency, 27 September 2021] China Lesso Group Holdings Limited (02128) said
its subsidiary Fuller Crests Limited has agreed to buy the entire issued share capital of
Century Xinghui Creative Park Investment Limited (the target company) for the
consideration of RMB100.
The target company is the sole shareholder and holding company of Guangdong Century
Xinghui. Under the pre-existing agreements, within 36 months from the date when the
project land was transferred in its entirety to Guangdong Century Xinghui for its use and
development, Guangdong Century Xinghui agreed to invest RMB650 million to develop the
project land. The project land is the parcel of land located at east of Xinxiang Road and
north of Shunyi South Road in Wusha community, Daliang Street, Shunde District, Foshan
City, Guangdong Province, the PRC with land area of 376 acres. (RC)

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