Beijing Zodi Investment Co., Ltd. cancelled the acquisition of Sichuan Huiri Yangkuo Property Co., Ltd. from Guangzhou Lemanshi Trading Co., Ltd., Guangzhou Kuaiyingda Trading Co., Ltd. and Tianjin Yufengyuan Enterprise Management Consulting Co., Ltd.
December 27, 2020
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Beijing Zodi Investment Co., Ltd. (SZSE:000609) signed an agreement to acquire Sichuan Huiri Yangkuo Property Co., Ltd. from Guangzhou Lemanshi Trading Co., Ltd., Guangzhou Kuaiyingda Trading Co., Ltd. and Tianjin Yufengyuan Enterprise Management Consulting Co., Ltd. for approximately CNY 700 million on December 25, 2019. Out of total consideration, CNY 162 million will be paid within 5 working days after the agreement is signed, CNY 75 million will be paid within 7 working days from the date of signing the agreement, CNY 75 million will be paid within 10 working days from the date of signing the agreement, and CNY 124 million will be paid before January 23, 2020. Sichuan Huiri Yangkuo Property had total assets of CNY 303.9 million, net assets of CNY 43.6 million and net loss of CNY 23.3 million for the year ended December 31, 2018. The transaction was approved by the 22nd meeting of the 9th directorate of Beijing Zodi Investment. There is no need for approval from the shareholders’ meeting of Beijing Zodi Investment. The transaction does not require regulatory approval.
Beijing Zodi Investment Co., Ltd. (SZSE:000609) cancelled the acquisition of Sichuan Huiri Yangkuo Property Co., Ltd. from Guangzhou Lemanshi Trading Co., Ltd., Guangzhou Kuaiyingda Trading Co., Ltd. and Tianjin Yufengyuan Enterprise Management Consulting Co., Ltd. on December 28, 2020.
Beijing Zodi Investment Co., Ltd., formerly Beijing Soft Rock Investment Group Co., Ltd. is principally engaged in the development and operation of properties. The Company primarily operates first-phase development of land in southwestern China through its subsidiaries. The Company is also involved in the modern fast food chain business, operating fast food chains under the brand SEVENANA. The Company mainly operates its businesses in Beijing and Chengdu, Sichuan province, China.