Zheng cancelled the acquisition of 64% stake in Guilin Guangxi Zhenghan Radiation Center Co., Ltd. from Hunan Investment Group Co., Ltd..
January 18, 2018
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Zheng Bin agreed to acquire 64% stake in Guilin Guangxi Zhenghan Radiation Center Co., Ltd. from Hunan Investment Group Co., Ltd. (SZSE:000548) for CNY 25.1 million on January 19, 2017. Zheng Bin will pay CNY 6.2 million in cash and bear CNY 18.9 million debt owed to Hunan Investment Group Co., Ltd. The transaction has been approved by the Board of Directors of Hunan Investment Group Co., Ltd. and does not need the shareholders’ approval.
Zheng cancelled the acquisition of 64% stake in Guilin Guangxi Zhenghan Radiation Center Co., Ltd. from Hunan Investment Group Co., Ltd. (SZSE:000548) on January 19, 2018.
Hunan Investment Group Co Ltd is a China-based company mainly engaged in the investment and development of urban complexes. The Company is also engaged in highway construction operations, asset management and property services and hotel investment operations. The urban complex investment and development business focuses on independent development and sales, and its business is mainly concentrated in residential real estate development, commercial real estate operations and other fields. The highway construction and operation is mainly engaged in expressway toll collection business. The asset management and property services rely on self-developed real estate projects and self-sustained commercial real estate to conduct business. The company conducts hotel investment and operations under the Junyi brand.