
C&D Group business integration: C&D City Services and Lianfa Property plan to merge into C&D Property, formal agreement yet to be finalized

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Xiamen C&D Group Co., Ltd. has begun to integrate its businesses, planning to merge C&D City Services with Lianfa Property into C&D Property. On April 10th, C&D International and its subsidiaries jointly announced that Xiamen Yirui Investment Management Co., Ltd. signed a memorandum of understanding with several related sellers to acquire 100% equity of the two target companies in cash. The transaction has not yet signed a formal agreement, and the price terms are pending evaluation

