Landsea Green Life Service Eyes Major Property Acquisition

The latest update is out from Landsea Green Life Service Company Limited ( (HK:1965) ).

Landsea Green Life Service Company Limited has announced a potential major transaction involving the acquisition of properties through a judicial auction by its subsidiary, Nanjing Landsea. The properties, currently owned by Landsea Group, are valued at approximately RMB26.6 million, with a maximum bid consideration of RMB27 million. This acquisition, if completed, will be a major and connected transaction under Hong Kong’s Listing Rules, necessitating shareholder approval. The properties are located in Nanjing, China, and are currently used for office purposes. The acquisition is expected to impact the company’s operations by expanding its property portfolio and potentially enhancing its market position in the real estate sector.

More about Landsea Green Life Service Company Limited

Landsea Green Life Service Company Limited is a company incorporated in the Cayman Islands, with a focus on providing green life services. It operates within the real estate and property management industry, with a market focus on sustainable and eco-friendly living solutions.

YTD Price Performance: -14.21%

Average Trading Volume: 456,240

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$66.95M

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