Desun Real Estate Investment Services Group Co., Ltd. (HK:2270) has released an update.
Desun Real Estate Investment Services Group Co., Ltd., a subsidiary of Chengdu Dexin Shangyu, has entered into a memorandum of understanding with several partners, including Chengdu Shudu Yintai, committing RMB4 million as earnest money to negotiate further terms of a capital increase and cooperation agreement. The earnest money will be converted into a transaction payment or refunded depending on the outcome of the negotiations by the end of 2024. Previously, the company had engaged in capital increase agreements for equity in Shudu Wanze and acquired additional equity in Shudu Savills.
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