编辑: 学冬欧巴么么哒 | 2017-07-27 |
, Ltd.1 ("Nanjing Renyuan"), a wholly-owned subsidiary of the Company, has acquired an interest of 50% in a company in Nanjing, PRC, known as Nanjing Yiyan Real Estate Co., Ltd.2 ("Nanjing Yiyan") by way of an increase in registered capital for an amount of RMB10,000,000 which was fully paid ("Nanjing Acquisition"). Details of Nanjing Yiyan are set out below:- Registered capital : RMB20,000,000 Principal activity : Property development and other related activities The net tangible asset value of the Nanjing Acquisition based on the latest available accounts was approximately RMB9,543,000. II) ACQUISITION OF A COMPANY IN HAINAN, PRC Nanjing Renyuan has acquired an interest of 60% in a company in Hainan, PRC, known as Hainan Yanlord Beautycrown Cultural Tourism Development Co., Ltd.3 ("Hainan Yanlord") for a cash consideration of RMB60,000,000 ("Hainan Acquisition"). The consideration of the Hainan Acquisition was arrived at on a willing buyer, willing seller basis and has been fully paid. Details of Hainan Yanlord are set out below:- Registered capital : RMB81,201,702 Principal activity : Tourism investment and asset management The net tangible asset value of the Hainan Acquisition based on the latest available accounts was approximately RMB47,917,000. The above transactions are not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending
31 December 2017. None of the directors nor controlling shareholder of the Company has any interest, direct or indirect, in the above transactions, save for their respective interests, through their shareholdings and/or directorships, as the case may be, in the Company. Submitted by: Zhong Sheng Jian Chairman and Chief Executive Officer
3 August
2017 1 An unofficial English translation name of 南京仁远投资有限公司.
2 An unofficial English translation name of 南京颐燕置业有限公司.
3 An unofficial English translation name of 海南仁恒美丽之冠文化旅游发展有限公司.