On October 29, Fangyuan Life Service Group Co., Ltd. announced that it has reached a strategic cooperation with Guangdong Yuncheng Real Estate Co., Ltd., a subsidiary of Guangdong Juncheng Holdings, to acquire 51% of the equity of Guangdong Yuncheng Property Service Co., Ltd. for a consideration of 5.1 million. Upon completion of the acquisition, Guangdong Yuncheng Property Services will become an indirect non-wholly-owned subsidiary of Fangyuan Life Services and will be recorded in the Group's financial statements.
It is understood that the current business of Guangdong Yuncheng Property Service covers high-end residential, shopping plaza, office buildings, schools and other formats, and the business distribution includes but is not limited to residential and public construction projects in Yunfu City and Deqing County, Zhaoqing City.
According to the perspective of real estate new media, previously, Fangyuan Life Service has issued an announcement on October 25 about completing the acquisition of 51% of the equity of Changsha Jiyanghong Property Management Co., Ltd. and intending to acquire 60% of the equity of Guangdong Yikang Property Service Co., Ltd.
Jiyang Hong Property has signed a contract to provide property management services for 17 residential and commercial projects in Liuyang City, Changsha City, Hunan Province, with a project area of more than 1.3 million square meters, while Guangdong Yikang has signed a contract to provide property management services for about 20 residential and commercial projects in Dongguan and Meizhou, Guangdong Province, with a project area of about 1.3 million square meters.
This article originated from the viewpoint real estate network
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