JIC Trust Co., Ltd. signed a contract to acquire Hefei Xinchuan Real Estate Investment Co., Ltd., Hefei Xinzhe Real Estate Investment Co., Ltd., Hefei Xincai Real Estate Investment Co., Ltd., Hefei Xinting Real Estate Investment Co., Ltd., Hefei Xinbo Real Estate Investment Co., Ltd., Hefei Xinfu Real Estate Investment Co., Ltd., Hefei Xinchu Real Estate Investment Co., Ltd. and Hefei Xinjin Real Estate Investment Co., Ltd. from Anhui Xinhua Media Co., Ltd. for CNY 230 million.
January 01, 2018
Share
JIC Trust Co., Ltd. signed a contract to acquire Hefei Xinchuan Real Estate Investment Co., Ltd., Hefei Xinzhe Real Estate Investment Co., Ltd., Hefei Xincai Real Estate Investment Co., Ltd., Hefei Xinting Real Estate Investment Co., Ltd., Hefei Xinbo Real Estate Investment Co., Ltd., Hefei Xinfu Real Estate Investment Co., Ltd., Hefei Xinchu Real Estate Investment Co., Ltd. and Hefei Xinjin Real Estate Investment Co., Ltd. from Anhui Xinhua Media Co., Ltd. (SHSE:601801) for CNY 230 million on January 2, 2018. On November 22, 2017, Anhui Xinhua Media Co., Ltd. transferred 100% stake in Hefei Xinchuan Real Estate Investment Co., Ltd., Hefei Xinzhe Real Estate Investment Co., Ltd., Hefei Xincai Real Estate Investment Co., Ltd., Hefei Xinting Real Estate Investment Co., Ltd., Hefei Xinbo Real Estate Investment Co., Ltd., Hefei Xinfu Real Estate Investment Co., Ltd., Hefei Xinchu Real Estate Investment Co., Ltd. and Hefei Xinjin Real Estate Investment Co., Ltd to Anhui Assets and Equity Exchange through an auction. On March 31, 2018, JIC Trust Co., Ltd already completed the acquisition of Hefei Xinchuan Real Estate Investment Co., Ltd, Hefei Xincai Real Estate Investment Co., Ltd, Hefei Xinting Real Estate Investment Co., Ltd, Hefei Xinfu Real Estate Investment Co., Ltd, Hefei Xinchu Real Estate Investment Co., Ltd and Hefei Xinjin Real Estate Investment Co., Ltd and received the consideration of CNY 184 million.
ANHUI XINHUA MEDIA CO., LTD. is a China-based company principally engaged in the publishing, distribution and sales of general books, teaching materials and audiovisual products. The Company is also engaged in the sales of sporting goods and educational equipments, the multimedia, advertising and game businesses, the supply chain management and logistics services, as well as the publishing planning and related services. The Company mainly operates its businesses in Anhui Province.