Yuexiu Properties to acquire 51% stake in Hangzhou Beihui Real Estate

Beihui Real Estate is a real estate development and operator, mainly engaged in real estate development and operation. It owns the Gouzhuang block in Yuhang District, Hangzhou City. After completion, it will be a comprehensive commercial and residential project, including residences, houses and a public rental housing. Yuexiu Real Estate recently issued an announcement announcing that it intends to acquire 51% equity of the target company Hangzhou Beihui Real Estate Co., Ltd. and all the rights and interests of the seller’s loan. The consideration payable is approximately 1.7 billion yuan, including the equity transfer consideration of 73.01 million yuan and the loan of 1.63 billion yuan. transfer amount.

This article is reprinted from: https://www.itjuzi.com/merger/8879
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