Jinmao Service 450 million yuan to acquire all equity of the first property

On June 17, Jinmao Service (HK00816, HK $ 4.71, a market value of HK $ 4.259 billion) announced that it acquired all equity of the first property service Co., Ltd. (hereinafter referred to as the first property) for RMB 450 million.

The first property was the first wholly -owned subsidiary of the Real Estate. It was established in May 2012 and established 23 branches in China. Its business distribution covers 22 cities in 19 provinces. As of December 31, 2021, the construction area of ​​the contract for the first property was about 7.11 million square meters, of which about 2.8 million square meters in the tube building area. 100 million yuan and 120 million yuan.

Regarding the source of the acquisition, the announcement said: "The price of RMB 315 million in the cost of the acquisition item will be paid by cash in cash by the net income raised by the global sale. There are funds allocated. "

Jinmao service believes: "The first real estate is a comprehensive real estate operator, and the land storage area is considerable. The target company's multiple commercial and office projects in management and contract management will help the Group's brand and professionalism in the field of commercial project property services. In addition, through acquisitions, the Group can expand the opportunity to cooperate with the first real estate industry to further expand the group's business scale and in the management of the property. "

Daily Economic News

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