Landsea Green Life Service (HKG:1965) unit Nanjing Landsea Property Management intends to bid for various properties owned by Landsea Group in China at a judicial auction, a May 2 filing with the Hong Kong bourse said.
The maximum consideration the property manager is willing to bid for the properties, which were valued at 26.6 million yuan as of March 31, is 27 million yuan.
Landsea Group is 50% owned by Tian Ming, chairman, executive director and a controlling shareholder of the company.
The potential acquisition is subject to shareholder approval.
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