C&D Intl (01908) to buy four assets from controlling holder

    C&D International Investment Group (01908) said it agreed to acquire from controlling shareholder C&D Real Estate equity interests in four companies at a total of about Rmb139.7 million.
  C&D International agreed to acquire the entire equity interest in Changsha Zhaoxi Real Estate Development Company Limited at Rmb51.13 million and repay the shareholder 's loan in the amount of Rmb3,162 million. Changsha Zhaoxi holds a land in Changsha City, Hunan Province, the PRC, with a site area of about 80,463.65 square metres and an estimated plot ratio floor area of about 313,808.24 square metres for residential use.
  C&D International agreed to acquire the entire equity interest in Taicang Jianjin Real Estate Development Company Limited at Rmb54.34 million and repay the shareholder 's loan in the amount of Rmb1,497 million. Taicang Jianjin holds two land parcels in Taicang City High-Tech Zone, Jiangsu Province, the PRC, with a site area of about 37,953.19 square metres for residential and commercial use.
  C&D International agreed to acquire 51% equity interests in Nanning Dingchi Real Estate Development Company Limited at Rmb3.56 million and repay the shareholder 's loan in the amount of Rmb189.5 million. Nanning Dingchi shall provide fund to the Jiangnan Government to settle the compensation and costs of demolition for urban redevelopment project in Jiangnan District, Nanning City.
  C&D International also agreed to acquire 51% equity interests in Nanning Qinghe Real Estate Development Company Limited at Rmb30.63 million. Nanning Qinghe shall provide fund to the Xixiangtang Government to settle the compensation and costs of demolition for urban redevelopment project in Xixiangtang District, Nanning City.