C&D Property Management to Acquire Remaining 25% Stake in Software Developer

MT Newswires Live
Jan 28

C&D Property Management Group (HKG:2156) said it agreed to acquire the remaining 25% stake in Xiamen Zhaohui it does not already own for 14.9 million yuan, according to a Hong Kong bourse filing Tuesday.

Shares of the property manager fell nearly 2% in morning trade Wednesday.

The firm is acquiring the stake from Yi Yue and will end up wholly owning the software developer following the purchase.

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