Desun Real Estate Unit Uses Receivables Offset in Connected Property Deal

Desun Real Estate Investment Services Group Co., Ltd. ( (HK:2270) ) just unveiled an update.

Desun Real Estate Investment Services Group Co., Ltd. said its wholly owned unit Chengdu Desun has entered into an offset agreement with connected party Rong He Real Estate to acquire certain properties for RMB3.69 million. Most of the consideration, about RMB3.34 million, will be settled by offsetting receivables owed by Rong He Real Estate, with the remaining RMB355,151.40 to be cleared via further offsets against future property management service receivables within three months.

Because Rong He Real Estate is ultimately controlled in part by controlling shareholder and non-executive director Zou Kang, the deal constitutes a connected transaction under Hong Kong listing rules. The transaction size triggers reporting and announcement obligations but remains below the threshold requiring an independent shareholders’ vote or a circular, suggesting limited immediate governance impact while helping the group regularise related-party balances.

The most recent analyst rating on (HK:2270) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Desun Real Estate Investment Services Group Co., Ltd. stock, see the HK:2270 Stock Forecast page.

More about Desun Real Estate Investment Services Group Co., Ltd.

Desun Real Estate Investment Services Group Co., Ltd. is a Cayman Islands–incorporated company listed in Hong Kong that operates in the real estate investment and services sector. Through subsidiaries such as Chengdu Desun, it is involved in property-related activities including property management and transactions in the mainland Chinese market.

Average Trading Volume: 7,306

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.54B

Learn more about 2270 stock on TipRanks’ Stock Analysis page.