Country Garden Hong Kong Stock Exchange announced that Country Garden Properties Hong Kong (a wholly-owned subsidiary of Country Garden Services), Mr. Fu Weicong (executive director and controlling shareholder of Hefu Huihuang), and China-netholding Ltd. (A company wholly owned by Mr. Fu Weicong and a major shareholder of Hefu Huihuang) and Hofu Huihuang entered into a strategic cooperation agreement relating to Country Garden Properties Hong Kong (as a potential buyer) from China-NetHoldingLtd. (As a potential seller) subscribed for shares from Hefu Huihuang (as issuer) in connection with the possible acquisition of shares for sale and Country Garden Property Hong Kong (as a subscriber), subscribed for shares from Hefu Huihuang (as the issuer). According to the strategic cooperation agreement, China-NetholdingLtd. plans to sell sales shares to Country Garden Properties Hong Kong (that is, 71.64 million Hefu Huihuang shares, equivalent to about 10.63% of Hefu Huihuang's issued share capital as of the date of this joint announcement), so that the shares held by Country Garden Properties Hong Kong in Hefu Huihuang will increase from about 25.00% to about 35.63% (excluding subscribed shares). The total cost of selling shares will be HK$115.3 million, equivalent to a price of HK$1.61 per share sold.
碧桂园与合富辉煌订立战略合作协议，对合富辉煌持股比例将提高至约35.63%
Country Garden and Hefu Huihuang signed a strategic cooperation agreement, and Hefu Huihuang's shareholding ratio will increase to about 35.63%
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