China Risun Group (HKG:1907) unit Risun Group will acquire 100% equity interest in Risun Chemicals Technology Research from Xuyang Holding for 181 million yuan, a Dec. 6 bourse filing said.
The target company engages mainly in engineering and technological research and trial development, technological promotion service, commercial premises leasing, and property management among others.
A major asset of Risun Chemicals Technology Research is a group of properties in Beijing, one of the buildings of which is being used as China Risun Group's headquarter.
The acquisition will boost the management of these Beijing headquarters, while the rest of the property will be held as an investment property.
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