Xiamen Yi Yue Property Company Limited completed the acquisition of 30% stake in Tiancheng Huarui Decoration Co., Ltd from Holsin Engineering Consulting Group Co.,Ltd. and Xiamen Holsin Water Transportation Engineering Consulting Co., Ltd.
April 26, 2022
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Xiamen Yi Yue Property Company Limited agreed to acquire 30% stake in Tiancheng Huarui Decoration Co., Ltd from Holsin Engineering Consulting Group Co.,Ltd. (SHSE:603909) and Xiamen Holsin Water Transportation Engineering Consulting Co., Ltd for CNY 36.5 million on April 1, 2022. Within 10 working days after the formalities, sellers will transfer 25% and 5% of the equity of the target company held by them. Within 1 working day before the completion of the industrial and commercial change registration procedures for this equity transfer, buyer shall pay the equity transfer price. The transaction has been reviewed and approved by the Holsin Engineering Consulting Group Co.,Ltd. board of directors, and still needs to be submitted to the company's general meeting of shareholders for consideration.
Xiamen Yi Yue Property Company Limited completed the acquisition of 30% stake in Tiancheng Huarui Decoration Co., Ltd from Holsin Engineering Consulting Group Co.,Ltd. (SHSE:603909) and Xiamen Holsin Water Transportation Engineering Consulting Co., Ltd recently. After the completion of the industrial and commercial change registration, Holsin Engineering Consulting Group Co.,Ltd. and Xiamen Yiyue hold 70% and 30% of the equity of Tiancheng Huarui respectively.
C&D Holsin Engineering Consulting Co Ltd, formerly Holsin Engineering Consulting Group Co Ltd, is a China-based company mainly engaged in comprehensive engineering consulting. The Company's main business includes engineering management, testing and testing, survey and design, comprehensive management and other technical services. Project management services mainly include quality supervision, construction safety supervision, construction environmental protection supervision, cost supervision, progress supervision and management of other contract matters. Testing and testing technical services are mainly to provide testing and testing services for highway and waterway projects. The Company is also engaged in the production and leasing of new engineering materials. The Company services mainly conducts its business in the domestic market.
Xiamen Yi Yue Property Company Limited completed the acquisition of 30% stake in Tiancheng Huarui Decoration Co., Ltd from Holsin Engineering Consulting Group Co.,Ltd. and Xiamen Holsin Water Transportation Engineering Consulting Co., Ltd.