Summary by Moomoo AI
GREENTOWN SER Group Limited announced that its subsidiary plans to acquire 25% equity and related shareholder loans of Hangzhou Jiancheng Asset Management Co., Ltd. for RMB 0.223 billion. After the acquisition is completed, GREENTOWN SER's shareholding ratio will increase from 20% to 45%.Hangzhou Jiancheng's main asset is a wellness service facility project located in Hangzhou, which has been built and is leased entirely to government Institutions for Hospital operations. GREENTOWN SER believes that this acquisition will provide the company with stable and predictable investment returns, while also creating opportunities to offer property management and other related services to the project.Since the main shareholder of Hangzhou Jiancheng is related to the controlling shareholder of GREENTOWN SER, this transaction constitutes a related party transaction. After the transaction is completed, Hangzhou Jiancheng will be accounted for as a joint venture of GREENTOWN SER. GREENTOWN SER stated that this move will help optimize the investment portfolio and bring opportunities for future expansion of similar businesses.