Changzhou Zhongjing Real Estate Development Co., Ltd. agreed to acquire remaining 51% stake in Changzhou New Huangpu Zhongjin Real Estate Co., Ltd. from Shanghai New Huang Pu Industrial Group Co., Ltd. for CNY 81.6 million.
May 10, 2022
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Changzhou Zhongjing Real Estate Development Co., Ltd. agreed to acquire remaining 51% stake in Changzhou New Huangpu Zhongjin Real Estate Co., Ltd. from Shanghai New Huang Pu Industrial Group Co., Ltd. (SHSE:600638) for CNY 81.6 million on May 10, 2022. Upon completion, Changzhou Zhongjing Real Estate will own 100% stake in Changzhou New Huangpu Zhongjin Real Estate. The Changzhou New Huangpu Zhongjin Real Estate had CNY 3.57 billion and net assets of CNY -11.64 million, as of February 28, 2022. The transaction has been approved at the fourth extraordinary meeting of the eighth board of directors of Shanghai New Huang Pu Industrial Group. As of June 29, 2022, the transaction was approved by the shareholders in the meeting held on June 28, 2022.
SHANGHAI NEW HUANG PU INDUSTRIAL GROUP CO., LTD., formerly SHANGHAI NEW HUANG PU REAL ESTATE CO.,LTD., is a China-based company principally engaged in the real estate development and distribution business. The Companyâs main products of its real estate development businesses include office buildings, serviced apartments, science parks, creative parks, indemnificatory housing, multi-story houses and villas. The Company also involves in the provision of tourism catering services and labors. The Company operates its businesses primarily in Shanghai, Zhejiang Province and Beijing in China.
Changzhou Zhongjing Real Estate Development Co., Ltd. agreed to acquire remaining 51% stake in Changzhou New Huangpu Zhongjin Real Estate Co., Ltd. from Shanghai New Huang Pu Industrial Group Co., Ltd. for CNY 81.6 million.
SHANGHAI NEW HUANG PU INDUSTRIAL GROUP CO., LTD. 
