Lushang Life Services Sells Controlling Stake in Subsidiary After 36 Million Yuan Capital Injection

MT Newswires Live

Mar 24, 2025

Lushang Life Services (HKG:2376) agreed to sell its controlling stake in Shandong Blue Shore Garden Engineering after an investor, Shandong Commercial Real Estate Development, injected 36.3 million yuan into the target company, according to a Friday filing with the Hong Kong bourse.

The investment increases Shandong Blue Shore Garden's registered capital to 40.8 million yuan from 20 million yuan. Of the total investment, 15.5 million yuan will be kept as capital reserves for the engineering firm.

Shandong Commercial Real Estate will hold a 51% stake, while Lushang Life Services will retain a 49% stake, reclassifying Shandong Blue Shore Garden Engineering as an associate instead of a subsidiary and removing it from the consolidated financial statements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2521873753"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2521873753\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2521873753?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-24 10:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521873753","market":"us","top_or_hot":-1,"title":"Lushang Life Services Sells Controlling Stake in Subsidiary After 36 Million Yuan Capital Injection","media":"MT Newswires Live","content":"<html><body><p> Lushang Life Services (HKG:2376) agreed to sell its controlling stake in Shandong Blue Shore Garden Engineering after an investor, Shandong Commercial Real Estate Development, injected 36.3 million yuan into the target company, according to a Friday filing with the Hong Kong bourse.</p><p>The investment increases Shandong Blue Shore Garden's registered capital to 40.8 million yuan from 20 million yuan. Of the total investment, 15.5 million yuan will be kept as capital reserves for the engineering firm.</p><p>Shandong Commercial Real Estate will hold a 51% stake, while Lushang Life Services will retain a 49% stake, reclassifying Shandong Blue Shore Garden Engineering as an associate instead of a subsidiary and removing it from the consolidated financial statements.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lushang Life Services Sells Controlling Stake in Subsidiary After 36 Million Yuan Capital Injection</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLushang Life Services Sells Controlling Stake in Subsidiary After 36 Million Yuan Capital Injection\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-24 10:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Lushang Life Services (HKG:2376) agreed to sell its controlling stake in Shandong Blue Shore Garden Engineering after an investor, Shandong Commercial Real Estate Development, injected 36.3 million yuan into the target company, according to a Friday filing with the Hong Kong bourse.</p><p>The investment increases Shandong Blue Shore Garden's registered capital to 40.8 million yuan from 20 million yuan. Of the total investment, 15.5 million yuan will be kept as capital reserves for the engineering firm.</p><p>Shandong Commercial Real Estate will hold a 51% stake, while Lushang Life Services will retain a 49% stake, reclassifying Shandong Blue Shore Garden Engineering as an associate instead of a subsidiary and removing it from the consolidated financial statements.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02376","symbol_name":"鲁商服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521873753","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521873753","pubTimestamp":1742784272,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Lushang Life Services  agreed to sell its controlling stake in Shandong Blue Shore Garden Engineering after an investor, Shandong Commercial Real Estate Development, injected 36.3 million yuan into the target company, according to a Friday filing with the Hong Kong bourse.The investment increases Shandong Blue Shore Garden's registered capital to 40.8 million yuan from 20 million yuan. Of the total investment, 15.5 million yuan will be kept as capital reserves for the engineering firm.Shandong Commercial Real Estate will hold a 51% stake, while Lushang Life Services will retain a 49% stake, reclassifying Shandong Blue Shore Garden Engineering as an associate instead of a subsidiary and removing it from the consolidated financial statements.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02376":"鲁商服务","BK1258":"房地产运营公司","BK1229":"房地产经营公司"},"translate_title":"鲁商生活服务3600万元注资后出售子公司控股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02376":0.9},"content_text":"Lushang Life Services (HKG:2376) agreed to sell its controlling stake in Shandong Blue Shore Garden Engineering after an investor, Shandong Commercial Real Estate Development, injected 36.3 million yuan into the target company, according to a Friday filing with the Hong Kong bourse.The investment increases Shandong Blue Shore Garden's registered capital to 40.8 million yuan from 20 million yuan. Of the total investment, 15.5 million yuan will be kept as capital reserves for the engineering firm.Shandong Commercial Real Estate will hold a 51% stake, while Lushang Life Services will retain a 49% stake, reclassifying Shandong Blue Shore Garden Engineering as an associate instead of a subsidiary and removing it from the consolidated financial statements.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}