---
title: "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"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282406415.md"
description: "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"
datetime: "2026-04-11T05:54:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282406415.md)
  - [en](https://longbridge.com/en/news/282406415.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282406415.md)
---

# 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

Xiamen C&D Group Co., Ltd. (referred to as "C&D Group") has begun to integrate its subsidiaries.

On April 10, C&D International (01908.HK) and its subsidiary C&D Property (C&D Property 02156.HK) jointly announced that their common subsidiary Xiamen Yirui Investment Management Co., Ltd. ("Xiamen Yirui") has signed a memorandum of understanding with several related sellers.

The announcement shows that Xiamen Yirui intends to acquire 100% equity of two target companies, Xiamen C&D City Service Development Co., Ltd. ("C&D City Service") and Xiamen Lianfa (Group) Property Service Co., Ltd. ("Lianfa Property"), in cash. As of the announcement date, the terms and conditions of the formal agreement with the sellers have not yet been signed, and the acquisition may not proceed.

Regarding the most critical price terms, the announcement only states that the parties will negotiate based on the assessed value from an asset appraisal report approved and filed by the competent state-owned assets authority, combined with the results of due diligence. Currently, the announcement does not disclose any price range or valuation reference.

The announcement indicates that the sellers in this transaction are all related parties of C&D International and C&D Property, and in terms of equity, the ultimate holding parent company of the C&D system companies is C&D Group.

Among them, the seller of C&D City Service is C&D Group and its wholly-owned subsidiary Xiamen Huayi Industrial and Trade Co., Ltd. ("Xiamen Huayi"). C&D Group is the controlling shareholder of C&D International and C&D Property, and Xiamen Huayi is its contact person.

The seller of Lianfa Property is Xiamen Lianfa (Group) Real Estate Co., Ltd. ("Xiamen Lianfa"), which is a subsidiary of C&D Shares, and C&D Shares is also the controlling shareholder of C&D International and C&D Property. The controlling shareholder of C&D Shares is C&D Group

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