Country Garden Property Services HK Holdings Company Limited entered into an agreement acquire 3.08% stake in Sichuan Languang Justbon Services Group Co., Ltd. (SEHK:2606) from Ningbo Jiaqian Corporate Management Partnership (Limited Partner) for approximately CNY 240 million on March 22, 2021. In related transactions, Country Garden Property Services HK Holdings Company Limited agreed to acquire 65.04% stake and 3.05% stake in Sichuan Languang Justbon Services from Languang Hejun and Chengdu Jiayu respectively on March 22, 2021. Country Garden will also launch an offer to acquire remaining shares of Sichuan Languang Justbon Services Group Co., Ltd. Post completion of the transactions, Country Garden will own 71.17% stake in Sichuan Languang. Country Garden intends to delist Sichuan Languang if it receives valid acceptances of 90% of the H Shares held by Independent Languang H Shareholders under the offer. The transaction is subject to completion of acquisition of Languan Hejun's stake in Sichuan Languang Justbon Services by Country Garden, Ningbo Jiagian having obtained all necessary internal authorizations and shareholders’ approval in respect of the Agreement and other customary closing conditions. J.P. Morgan Securities (Asia Pacific) Limited acted as financial advisor to Country Garden. Joey Chau and Nicholas Norris of Kirkland & Ellis acted as legal advisor to J.P. Morgan Securities (Asia Pacific) Limited. Huatai International Financial Holdings Company Limited acted as financial advisor to Sichuan Languang Justbon Services Group Co., Ltd. Country Garden Property Services HK Holdings Company Limited completed the acquisition of 3.08% stake in Sichuan Languang Justbon Services Group Co., Ltd. (SEHK:2606) from Ningbo Jiaqian Corporate Management Partnership (Limited Partner) on April 19, 2021.