China Sports Industry intends to acquire 100% equity of Xinyi Yaju

Xinyi Yaju is a real estate developer, focusing on real estate development, mainly engaged in real estate development, residential development, commercial development, office development, construction engineering, property management and other businesses. Recently, China Sports Industry acquired 100% equity of Xinyi Yaju through its own funds, and obtained the land use rights and subsequent development rights of the “A3 plot” owned by Xinyi Yaju. The transaction price is 103 million yuan.

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