[ET Net News Agency, 10 July 2019] Country Garden Services Holdings Company Limited
(06098) said its subsidiary United Gain has agreed to buy 100% equity interest in Sino
Estate Holdings from Hopefluent at a maximum consideration of RMB316.35 million. Sino
Estate Holdings indirectly owns 85.5% equity interest in Asia Asset Real Estate Services
(China) (the target).
Also, its subsidiary CG Intelligent Services has agreed to buy 5.5% equity interest in
the target from Guangzhou YingFeng, Shanghai YiLiu and Guangzhou GaoYi at a maximum
consideration of RMB20.35 million; and 9% equity interest in the target from Guangzhou
YingLong at a maximum consideration of RMB38.7 million.
The target, together with its subsidiaries, is principally engaged in property
management business in the PRC.
The group expects that the acquisitions will further expand the scale and coverage of
the group's business and enhance the group's influence and competitiveness in the market.
(RC)
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06098 CG SERVICES
Nominal 
5.280 -0.170 (-3.119%) Disclosure of Interest
10/07/2019 14:37
CG Services (06098) to buy property management business
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