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Jiande International Unit to Buy Remaining 20% Stake in Property Development Wing
Jiande Int'l subsidiary plans to acquire a 20% equity stake in Wugang Dejian Real Estate Development.
Jiande Int'l (00865) announced that on July 11, 2024, 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 entered into an equity transfer agreement. The seller agreed to sell and the buyer agreed to purchase 20% equity of the target company (a non-wholly owned subsidiary of the company) for the consideration of the target company’s advance repayment of the RMB 23.624 million shareholder's loan owed to the seller, which was funded by an unsecured and interest-free shareholder loan provided by the buyer to the target company for the same amount. The target company is engaged in real estate development in Wugang Dejian.
Jiande Int'l (00865) subsidiary plans to acquire 20% equity of Wugang Dejian Real Estate Development.
Jiande Int'l (00865) announced that on July 11, 2024, 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 entered into an equity transfer agreement, whereby the seller agreed to sell and the buyer agreed to acquire 20% equity interest in the target company (a non-wholly-owned subsidiary of the Company) for a consideration equal to RMB 23.624 million, which was the amount owed by the target company to the seller for the shareholder's loan that will be repaid in advance. The funds were provided by the buyer in the form of an equivalent amount of unsecured, interest-free shareholder's loan to the target company. The target company is located in Wugang.
Express News | Jiande International - Under Deal, Wugang Dejian Real Estate Development to Repay Loan of RMB23.6 Mln Owed to Shishi Qixin Trading
Express News | Jiande International - Unit to Acquire 20% Stake in Wugang Dejian Real Estate Development Company
Should Shareholders Have Second Thoughts About A Pay Rise For Jiande International Holdings Limited's (HKG:865) CEO This Year?
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