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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.
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