Jinan Innovation City Construction Development Co., Ltd. cancelled the acquisition of 5.27% stake in Shandong Tyan Home Co., Ltd (SHSE : 600807) from Shandong Tianye Real Estate Development Group Co., Ltd.
November 21, 2020
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Jinan Innovation City Construction Development Co., Ltd. signed a letter of intent to acquire 5.27% stake in Shandong Tyan Home Co., Ltd (SHSE : 600807) from Shandong Tianye Real Estate Development Group Co., Ltd. on November 22, 2019. Under the terms, 46.6 million shares will be acquired as a part of the transaction. Jinan Innovation will hold 19.67% stake comprising of 173.9 million shares and Shandong Tianye will hold 18.9% stake comprising of 167.2 million shares post acquisition.
Jinan Innovation City Construction Development Co., Ltd. cancelled the acquisition of 5.27% stake in Shandong Tyan Home Co., Ltd (SHSE : 600807) from Shandong Tianye Real Estate Development Group Co., Ltd. on November 22, 2020.
Jinan High-tech Development Co Ltd is a China-based company principally engaged in the in vitro diagnostics business. The Company operates three segments. The Real Estate and Property Services Business segment is mainly engaged in real estate development and sales and the provision of property and property leasing services. The In Vitro Diagnostics Business segment is mainly engaged in the research and development, production and sales of molecular diagnostic reagents and equipment. The products are mainly used in the fields of infectious disease prevention and control, pathogenic microorganism detection, food safety testing and other fields. The Other Business segment is mainly engaged in trading business and other businesses. The Company mainly conducts its businesses in the domestic market.
Jinan Innovation City Construction Development Co., Ltd. cancelled the acquisition of 5.27% stake in Shandong Tyan Home Co., Ltd (SHSE : 600807) from Shandong Tianye Real Estate Development Group Co., Ltd.