Tianjin State-Owned Capital Investment Operation Co., Ltd. acquired 3.21% stake in Tianjin Realty Development Co., Ltd. from Shenzhen Jinfang Property Development Co., Ltd. and Tianjin Xinhe Jiahuan Industrial Co., Ltd. for approximately CNY 140 million.
June 12, 2020
Share
Tianjin State-Owned Capital Investment Operation Co., Ltd. acquired 3.21% stake in Tianjin Realty Development (Group) Co., Ltd. (SHSE:600322) from Shenzhen Jinfang Property Development Co., Ltd. and Tianjin Xinhe Jiahuan Industrial Co., Ltd. for approximately CNY 140 million on June 11, 2020. Shenzhen Jinfang Property Development Co., Ltd. has sold 31.31 million shares (2.83% stake) and Tianjin Realty Development (Group) Co., Ltd. has sold 4.16 million shares (0.38% stake). Post completion of the transaction, Shenzhen Jinfang Property Development Co., Ltd. and Tianjin Xinhe Jiahuan Industrial Co., Ltd. will not hold any stake in Tianjin Realty Development (Group) Co., Ltd and Tianjin State-Owned Capital Investment Operation Co., Ltd. will hold 3.21% stake.
Tianjin State-Owned Capital Investment Operation Co., Ltd. completed the acquisition of 3.21% stake in Tianjin Realty Development (Group) Co., Ltd. (SHSE:600322) from Shenzhen Jinfang Property Development Co., Ltd. and Tianjin Xinhe Jiahuan Industrial Co., Ltd. on June 11, 2020.
Tianjin Jintou Urban Development Co Ltd, formerly Tianjin Realty Development Group Co Ltd, is a China-based company principally engaged in the property development, operation, leasing and distribution. The Company is also engaged in property management, construction materials sales and other businesses. The Company mainly operates its businesses in the domestic market.
Tianjin State-Owned Capital Investment Operation Co., Ltd. acquired 3.21% stake in Tianjin Realty Development Co., Ltd. from Shenzhen Jinfang Property Development Co., Ltd. and Tianjin Xinhe Jiahuan Industrial Co., Ltd. for approximately CNY 140 million.
TIANJIN JINTOU STATE-OWNED URBAN DEVELOPMENT CO., LTD. 
