淮翼建设为一家于中国成立的公司，核建青控及蚌埠市滨河建设投资有限公司分别拥有其95%股权及5%股权。淮翼建设主要从事建筑工程、房地产开发、住宅室内设计及装修、建筑劳务分包及物业管理。Qingdao Hldgs (00499) announced that on November 21, 2024, the company received a notice.
According to the notice, the buyer, Bengbu Huaiying Investment Management Co., Ltd., has successfully won the bid to publicly acquire 95% of the shares of Huaiyi Construction through the Qingdao Exchange for a price of 43.6546 million yuan. It is expected that Nuclear Construction Qing Hldg will sign a final agreement with the buyer within five working days from November 21, 2024. An announcement containing the significant terms of the final agreement will be made after the final agreement is signed.
After the delivery, Huaiyi Construction will no longer be a subsidiary of the company.
Huaiyi Construction is a company established in China, with Nuclear Construction Qing Hldg and Bengbu Binhe Construction Investment Co., Ltd. holding 95% and 5% of its shares respectively. Huaiyi Construction is primarily engaged in architecture engineering, real estate development, residential interior design and decoration, construction labor subcontracting, and property management.
The announcement stated that the sale aims to achieve resource optimization and streamline the group structure. This will allow the group to benefit from reallocating other existing business resources. The board of directors believes that the sale will provide a solid foundation for the group to achieve overall stable operation and promote the sustainable development of the group. It is expected that the sale will generate profits for the group and contribute to the group's operating capital, further improving the group's financial condition.
