SUNAC SERVICES has completed the sale of 80% equity in Guangxi Zhangtai Sunac Smart
SUNAC SERVICES announced the completion of the sale of 80% equity in Guangxi Zhangtai Sunac Smart, with a transaction amount of RMB 826.62 million. This move aims to optimize strategic layout and concentrate resources in core first- and second-tier cities. After the transaction is completed, SUNAC SERVICES will no longer hold any equity in Zhangtai Service Group
According to the Zhitong Finance APP, SUNAC SERVICES (01516) announced that the group will further optimize its strategic layout by focusing more resources and management efforts on core first- and second-tier cities. On April 29, 2025, the company's wholly-owned subsidiary, Rongyuan Investment, entered into an equity transaction agreement with Guangxi Laozhangjia and others to fully withdraw from the Zhangtai Service Group. Accordingly, Rongyuan Investment will transfer 80% of its indirectly held equity in Guangxi Zhangtai Rongchuang Zhihui for a price of RMB 826.62 million through related transaction arrangements to Guangxi Laozhangjia. After the completion of this transaction, the group will no longer hold any equity in the Zhangtai Service Group.
The announcement stated that as of the date of this announcement, the company's wholly-owned subsidiary, Rongyuan Investment, has received all transaction payments, and the equity transfer registration has been completed. The group no longer holds any equity in the Zhangtai Service Group
