Zhuhai Dahengqin Housing Investment Co., Ltd. proposed to acquire 49% stake in Guangdong Shirongzhaoye Co., Ltd. (SZSE:002016) for CNY 2.46 billion on July 5, 2024. A cash consideration valued at CNY 6.22 per share will be paid by Zhuhai Dahengqin Housing Investment Co., Ltd.

Ye Jiawen, Huang Yuxiong of China Security Co., Ltd. acted as financial advisor for Zhuhai Dahengqin Housing Investment Co., Ltd. Tang Wen, Li Qiuxia of Guangdong Zhuojian Law Firm acted as legal advisor for Zhuhai Dahengqin Housing Investment Co., Ltd.