Opinion Index
Abstract: After completes the acquisition, Country Garden Services will hold 100% of the equity of Fuliang Global and indirectly hold 100% of the equity of each target company.
Country Garden Services acquired R&F Properties for no more than 10 billion yuan
On September 20, Country Garden Services announced that it’s Country Garden Properties Hong Kong and R&F Properties signed an equity transfer agreement to acquire R&F Properties for no more than 10 billion yuan Furian Global, indirectly acquired 100% of the equity of each target company held by Furian Global.
It is understood that R&F Properties indirectly holds 100% equity of Guangzhou Tianli and its subsidiaries, Tianjin Huaxin, and Datong Hengfu through its sole wholly-owned subsidiary, Fuliang Global, to carry out all its residential property management services and commercial property management. service. R&F Properties promises that Fuli Global’s 2021 audited net profit deducted from non-attributable parent companies will not be less than 500 million yuan, accounting income will not be less than 4.2 billion yuan, and that as of December 31, 2021, the area under management will not be less than 86 million square meters and The total contract area is not less than 127 million square meters.
After the completion of the acquisition, Country Garden Services will hold 100% of the equity of Fuliang Global and indirectly hold 100% of the equity of each target company, and Fuliang Global, R&F Property Services Hong Kong, Guangzhou Fuxing and the target company will become subsidiaries of the group , Its performance, assets and liabilities will be consolidated into the accounts of the group.
Xinchengyue Service continuously repurchases shares
On September 24, Xinchengyue Service released the next day's disclosure statement. According to the data, Xinchengyue service accumulated on the Hong Kong Stock Exchange from September 13 to September 24. Completed 9 share repurchases, containing a total of 1.43 million shares, with a total cost of approximately HK$21.78 million.
According to Viewpoint Real Estate New Media, in the first half of 2021, Xinchengyue's service revenue was 1.877 billion yuan, a year-on-year increase of 53.6%; gross profit margin was 30.6%, a year-on-year increase of 0.8%. The area under management reached 122 million square meters, a net increase of 21 million square meters from the beginning of the year, and the contracted area was 250 million square meters, a net increase of about 47 million square meters from the beginning of the year.
Xinchengyue Service stated that the company's current cash flow is healthy and the overall financial situation is sound, which can meet the company's continuous business growth needs.
Xinyuan Service independent review has been completed and will continue to suspend trading
On the evening of September 23, Xinyuan Service issued an announcement regarding the previous independent review conducted by the company’s audit committee with the assistance of independent professional consultants. Related matters.
It is reported that the independent review has now been completed. The independent review team identified a total of 12 transactions from January 1, 2020 to March 31, 2021, and noted potential accounting or internal control issues regarding related transactions. At the same time, the independent review team also identified 18 additional transactions involving internal transfers between bank accounts under the same entity's name, which were not recorded in the company's accounts in a timely manner, but did not involve related party transactions.
According to the resumption guidelines communicated by the Stock Exchange to the company on May 25, 2021, the company has appointed UOB International Consulting Co., Ltd. as the independent internal control reviewer, and will review and verify the company with reference to the listing rules that the company should comply with. The company's systems and monitoring. In addition, the company's shares will continue to be suspended.
Landsea Green Life and Dongyang City Investment jointly established a property company
On September 22, Landsea Green Life and Dongyang City Construction Investment Group Co., Ltd. jointly established Dongyang City Investment Landsea Property Service Co., Ltd. Mainly develop value-added services in various fields such as health, elderly care, housekeeping, home improvement renovation, asset operation, community retail, neighborhood communities, and comprehensive urban services.
According to the data, Dongyang City Investment was established in November 2001, the legal representative is Jin Min, and the registered capital is 500 million yuan.The company's business scope includes house demolition services (excluding blasting), land development, etc. Dongyang City Investment is 100% owned by Dongyang State-owned Assets Investment Co., Ltd., while Dongyang State-owned Assets Investment Co., Ltd. is 90% owned by the State-owned Assets Supervision and Administration Office of Dongyang Municipal People’s Government, and Zhejiang Financial Development Co., Ltd. holds 10%. .
It is understood that Landsea Green Life is a subsidiary of Landsea Real Estate and a listing platform of Hong Kong Stock Exchange . It specializes in property management services, property consulting, elevator repair and maintenance, engineering facility repair and installation, etc.; as of 2021 On June 30, 2010, Landsea Green Life has entered 23 cities across the country, with 130 projects under management, with an area under management of 17.8 million square meters and a contracted area of 24.9 million square meters.
Change of registered capital of Junfa Colorful Services
On September 22, the registered capital of Junfa Colorful Services Co., Ltd. was changed from 50 million yuan to 180 million yuan.
According to the new media of View Real Estate, Junfa Colorful Services was established on October 19, 2020. The original registered capital is 50 million yuan, and the current registered capital is 180 million yuan. The legal representative is Li Wenda. The business scope includes property management and commercial integration. Management services, car wash services, etc. Currently, the company is 100% owned by Junfa Colorful Services (Hong Kong) Holdings Limited.
According to data, Junfa Colorful Services submitted a prospectus to the Hong Kong Stock Exchange on June 27. The joint sponsors are Zhongtai International and Guotai Junan International. According to the prospectus, the main business of Junfa Colorful Services is property management services, non-owner value-added services and community value-added services. From 2018 to 2020, the revenue of Junfa Colorful Service Property Management was 329 million yuan, 475 million yuan and 584 million yuan, accounting for 82%, 80.1% and 70.7% of the total revenue respectively.
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