Shanghai SMI Holding Co., Ltd agreed to acquire 36% stake in Shanghai New Jiangwan City Investment Development Co., Ltd. from Shanghai Dingsheng Equity Investment Partnership (Limited Partnership) for approximately CNY 880 million.
July 28, 2021
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Shanghai SMI Holding Co., Ltd (SHSE:600649) agreed to acquire 36% stake in Shanghai New Jiangwan City Investment Development Co., Ltd. from Shanghai Dingsheng Equity Investment Partnership (Limited Partnership) for approximately CNY 880 million on July 27, 2021. The board of Shanghai SMI Holding Co approved the deal. Shanghai New Jiangwan City Investment Development reported total asset of CNY 2.6 billion and total common equity of CNY 1.5 billion till April 31, 2021. After the completion of this equity acquisition, the Company will directly and indirectly hold a total of 96% of the shares of Shanghai New Jiangwan City Investment Development Co., Ltd.
Shanghai Chengtou Holding Co., Ltd is a China-based company, principally engaged in property development and distribution, and environment business. The Company is also engaged in equity investment business. Its real estate business includes the development and sales of commodity housings, property management and rental of housings. Its environment business engages in the transfer and transportation of domestic wastes, landfill of domestic wastes, incineration of wastes and generation of power, and provision of environmental engineering and design services. Its investment businesses include direct equity investment and private equity investment. It conducts its businesses within domestic markets.
Shanghai SMI Holding Co., Ltd agreed to acquire 36% stake in Shanghai New Jiangwan City Investment Development Co., Ltd. from Shanghai Dingsheng Equity Investment Partnership (Limited Partnership) for approximately CNY 880 million.
SHANGHAI CHENGTOU HOLDING CO.,LTD 