Landsea Green Life Service Co. Ltd. Successfully Acquires Properties in Judicial Auction for RMB26.3 Million
Landsea Green Life Service Co. Ltd., a company incorporated in the Cayman Islands, has successfully secured a major transaction through a judicial auction. The company, through its indirectly wholly-owned subsidiary Nanjing Wujie Technology Information Consulting Co., Ltd., won the bid for properties at a total price of RMB26,308,800. This acquisition, which involved properties owned by Landsea Group, was granted advance approval by independent shareholders during an Extraordinary General Meeting on May 30, 2025. The transaction is classified as both a major and connected transaction under the Hong Kong Listing Rules. Full payment is expected by September 29, 2025, with the completion of the acquisition anticipated by December 2025, following the issuance of necessary legal documents by the Jianye District People's Court.
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