Country Garden Services Holdings buys R & F property for no more than 10 billion yuan
Country Garden Services Holdings announced that its Country Garden Holdings property Hong Kong signed an equity transfer agreement with R & F property to acquire Fuliang Global for a price of no more than 10 billion yuan and indirectly acquire 100% stake in each target company held by Fuliang Global.
It is understood that R & F property indirectly holds a 100% stake in Guangzhou Tianli and its subsidiaries, Tianjin Huaxin and Datong Hengfu through its only wholly-owned subsidiary, Fuliang Global, to carry out all its residential property management services and commercial property management services. R & F property undertakes that R & F Global's audited non-return net profit in 2021 is not less than 500 million yuan, accounting income is not less than 4.2 billion yuan, and the managed area is not less than 86 million square meters and the total contract area is not less than 127 million square meters as of December 31, 2021.
Upon completion of the acquisition, Country Garden Services Holdings will hold 100% of Fuliang Global and indirectly 100% of the target companies, while Fuliang Global, R & F property Services Hong Kong, Guangzhou Fuxing and the target company will become subsidiaries of the Group, its performance, assets and liabilities will be consolidated in the accounts of the Group.
Metro Hyatt Service buys back shares continuously
On September 24, Metro Hyatt Service released its disclosure statement the following day. According to information, Metro Hyatt Service completed a total of nine share buybacks on the Stock Exchange of Hong Kong from September 13 to September 24, including 1.43 million shares at a total cost of about HK $21.78 million.
According to the opinion real estate new media, in the first half of 2021, the revenue of Xincheng Hyatt service was 1.877 billion yuan, up 53.6% from the same period last year, and the gross profit margin was 30.6%, up 0.8% from the same period last year. The managed area reached 122 million square meters, a net increase of 21 million square meters over the beginning of the year, and a contract area of 250 million square meters, a net increase of about 47 million square meters over the beginning of the year.
New City Hyatt Service said that the company's current cash flow is healthy, the overall financial position is sound, and can meet the needs of the company's continued business growth.
Xinyuan service independent review has been completed and will continue to be suspended.
On the evening of September 23, Xinyuan Service issued an announcement on matters related to the previous independent review conducted by the company's audit committee with the assistance of independent professional consultants.
It is reported that the independent review has now been completed, and the independent review team has identified a total of 12 transactions from January 1, 2020 to March 31, 2021, and noted potential accounting or internal control issues for related transactions. At the same time, the independent review team also identified 18 additional transactions involving internal transfers between bank accounts of the same entity that were not recorded in the company's accounts in a timely manner, but did not involve related party transactions.
In accordance with the guidelines for resumption of trading communicated by the Stock Exchange to the company on 25 May 2021, the company has appointed Dahua International Consulting Co., Ltd. as an independent internal control reviewer and will make reference to the listing rules to be observed by the company. review and verify the company's systems and controls. In addition, trading in the company's shares will continue to be suspended.
Langshi Green Life and Dongyang City Investment Co., Ltd. jointly set up a property company.
On September 22, Longshi Green Life and Dongyang Urban Construction Investment Group Co., Ltd. jointly established Dongyang Chengtoulangshi property Service Co., Ltd. It mainly develops value-added services in many areas, such as health, old-age care, housekeeping, home improvement, asset operation, community retail, neighborhood community, integrated urban services and so on.
Data show that Dongyang City Investment was established in November 2001, the legal representative is Jin Min, and the registered capital is 500 million yuan. The company's business scope is, housing demolition services (excluding blasting), land development and so on. Dongyang City Investment is 100% owned by Dongyang State-owned assets Investment Co., Ltd., while Dongyang State-owned assets Investment Co., Ltd. is 90% owned by the State-owned assets Supervision and Administration Office of Dongyang City people's Government, and 10% by Zhejiang Financial Development Co., Ltd.
It is understood that Lansi Green Life is a property subsidiary of Langshi Real Estate and a listed platform of the Hong Kong Stock Exchange. it specializes in property management services, property consultants, elevator repair, maintenance, engineering facilities repair and installation, etc. As of June 30, 2021, Longshi Green Life has been stationed in 23 cities across the country, with 130projects in management, 17.8 million square meters in management area and 24.9 million square meters in contract area.
Change of registered capital of Junfa colorful service
On September 22nd, the registered capital of Junfa colorful Services Co., Ltd. changed, from 50 million yuan to 180 million yuan.
According to the opinion real estate new media, Junfa colorful service was established on October 19, 2020. the original registered capital is 50 million yuan, now the registered capital is 180 million yuan, and the legal representative is Li Wenda. The scope of business includes property management, business integrated management services, car washing services and so on. At present, the company is 100% owned by Junfa Qicai Services (Hong Kong) Holdings Limited.
According to the information, Junfa Seven Color Service submitted its prospectus to the Hong Kong Stock Exchange on June 27, and the co-sponsors were Sino-Thai International and Guotai Junan International. According to the prospectus, the main business of Junfa colorful service is property management service, non-owner value-added service and community value-added service. From 2018 to 2020, the income of Junfa colorful service property management was 329 million yuan, 475 million yuan and 584 million yuan respectively, accounting for 82%, 80.1% and 70.7% of the total income respectively.