On May 31, 2024, as a potential buyer, Prosper Cons (06816.HK) announced that it had signed a memorandum of understanding with the 90% equity owner (potential seller) of a company established in China (target company), concerning the potential acquisition of all interests held by the potential seller in the target company (i.e. 90% of the issued share capital of the target company).
The target company, established in China, mainly engages in urban green management, property management, conference and exhibition services, home services, parking lot services, municipal facility management, building cleaning services, horticultural greening projects, etc. The target company has a first-class qualification in property management and is a 3A-level property service provider in Shandong Province. The target company's service objects include 18 residential property service projects covering an area of approximately 4 million square meters,10 non-residential property service projects covering an area of approximately 2 million square meters, urban environmental comprehensive service projects and long-term rental operation projects.
