于收购事项完成后，目标公司将成为公司间接全资附属公司。此将有利于更有效实施公司有关目标公司业务的业务策略及业务扩展计划。On July 11, 2024, Jiande Int'l (00865) announced that the buyer, Xiamen Junyi Real Estate Co., Ltd. (an indirectly wholly-owned subsidiary of the company), the seller, Shishi Qixin Trading Co., Ltd., and the target company have entered into an equity transfer agreement, in which the seller agrees to sell and the buyer agrees to acquire 20% equity of the target company (a non-wholly-owned subsidiary of the company). The consideration is that the target company must repay the shareholder loan owed to the seller in advance in the amount of RMB 23.624 million, and the funds will come from the buyer's unsecured and interest-free shareholder loan to the target company in the same amount.
The target company, Wugang Dejian Real Estate Development Co., Ltd., is a non-wholly-owned subsidiary of the Company. As of the date of this announcement, the buyer and the seller respectively own 80% and 20% equity interests in the target company. The company is mainly engaged in property development and holds the land use right for a piece of land in Wugang City, Hunan Province, China. As of the date of this announcement, no property development project has been carried out on the land.
In June 2024, the buyer received notice from the seller that it intended to sell the sales shares that the buyer had the preemptive right to purchase. The Board of Directors believed that the acquisition of sales shares was in the company's interests. Otherwise, the seller's sale of sales shares to another party might lead to uncertainty in the relationship and cooperation among the target company's shareholders. Considering the benefits of acquiring comprehensive control over the target company and the future development and prospects of the real estate market in Wugang City, Hunan Province, China after the completion of the acquisition, the buyer decided to purchase the sales shares.
After the completion of the acquisition, the target company will become an indirectly wholly-owned subsidiary of the Company. This will facilitate the more effective implementation of the Company's business strategies and business expansion plans related to the target company's business.
