China Vanke to Fully Acquire Shanghai Xiangda Through Equity Transfer

MT Newswires Live

Apr 01, 2025

China Vanke (HKG:2202, SHE:000002) said Onewo Business Enterprise Space Technology has signed an agreement to acquire the remaining 55% equity interest in real estate developer and property manager Shanghai Xiangda from Shanghai Vanke Investment, according to a Monday filing with the Hong Kong bourse.

Onewo Business Enterprise Space Technology is a wholly-owned subsidiary of Onewo Inc. (HKG:2602), while Shanghai Vanke Investment is a wholly-owned subsidiary of China Vanke, which in turn is the controlling shareholder of Onewo Inc.

Upon completion, China Vanke will own 100% of Shanghai Xiangda, consolidating its financial results. The 870.3 million yuan transaction constitutes a connected transaction under Hong Kong's listing rules and requires shareholder approval.

An independent board committee was formed, and a general meeting will be held. The final purchase price will be adjusted based on financial statements at closing. Further details will be provided in a shareholder circular expected by April 30.

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(HKG:2602), while Shanghai Vanke Investment is a wholly-owned subsidiary of China Vanke, which in turn is the controlling shareholder of Onewo Inc.</p><p>Upon completion, China Vanke will own 100% of Shanghai Xiangda, consolidating its financial results. The 870.3 million yuan transaction constitutes a connected transaction under Hong Kong's listing rules and requires shareholder approval.</p><p>An independent board committee was formed, and a general meeting will be held. The final purchase price will be adjusted based on financial statements at closing. Further details will be provided in a shareholder circular expected by April 30.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1258","symbol_name":"房地产运营公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524158032","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524158032","pubTimestamp":1743488783,"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. 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