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Roiserv Lifestyle Services Announces Major Acquisition to Settle Debts

Story Highlights
  • Roiserv Lifestyle Services Co., Ltd. focuses on property management and consultancy services.
  • The company has entered a substantial acquisition to offset debts with RiseSun Development.
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Roiserv Lifestyle Services Announces Major Acquisition to Settle Debts

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Roiserv Lifestyle Services Co. Ltd. Class H ( (HK:2146) ) has provided an update.

Roiserv Lifestyle Services Co., Ltd. has entered into a substantial acquisition and connected transaction through the 2025 Debts Settlement Framework Agreement with RiseSun Development. The agreement involves acquiring settlement properties to offset outstanding receivables, totaling RMB1,069,874,840.76. This acquisition, which is subject to shareholder approval, is significant as it exceeds 100% of the applicable percentage ratios under the Listing Rules, marking it as a very substantial acquisition and connected transaction. The properties, not previously revenue-generating, will be used to settle debts, impacting the company’s financial recovery efforts and stakeholder interests.

More about Roiserv Lifestyle Services Co. Ltd. Class H

Roiserv Lifestyle Services Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the property management and related consultancy services industry. The company focuses on providing master property management services and small-scale engineering consultancy services.

Average Trading Volume: 215,090

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$134.4M

See more data about 2146 stock on TipRanks’ Stock Analysis page.

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