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Announcement Highlights | Wanwu Cloud acquires 100% equity of Zhongzhou Property; UBTECH executives commit not to reduce their Shareholding within 12 months.
C&D INTL GROUP: The cumulative contract sales amount for 2024 is about 103.36 billion yuan, a year-on-year decrease of about 25.1%; SHIMAO SERVICES plans to acquire 33% of Shenzhen Shilu Yuan Environmental for 83.159 million yuan for full ownership.
Shimao Services Acquires Full Control of Subsidiary
SHIMAO SERVICES (00873.HK): Plans to acquire the remaining 33% equity of Shenzhen Shilu Yuan Environment.
On January 3, Glonghui reported that SHIMAO SERVICES (00873.HK) announced that on January 3, 2025, SHIMAO TIANCHENG and the buyer (both are indirectly wholly-owned subsidiaries of the company) signed an Equity Transfer Agreement and a Settlement Agreement with the seller and the original Shareholder, whereby the seller agreed to sell and the buyer agreed to purchase 33% of the equity of the target company. The consideration for the acquisition is set at 83.159 million yuan. The target company, Shenzhen Shilu Yuan Environmental Co., Ltd., mainly engages in providing integrated urban and rural sanitation services in China, and it is currently a non-wholly-owned subsidiary of the group with a 67% stake.
Express News | Shimao Services - Deal for RMB83.2 Mln
Express News | Shimao Services - Shenzhen Jiaxiong Investment Development to Sell 33% Stake in Shenzhen Shi Lu Yuan Environmental
The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.
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