Consumer Staples Jul 06, 2021 08:50 PM (GMT+8) · EqualOcean
KE Holdings and Shengdu Home Decoration have announced that KE Holdings has acquired 100% of the equity of Shengdu Home Decoration for a total consideration of RMB 8 billion. In this regard, the acquisition agreement will take place in stages in accordance with customary delivery conditions, including regulatory approval. In accordance with relevant laws, the transaction is subject to regulatory approval and confirmation. The transaction is expected to be completed in the first half of 2022. This briefing is contributed by and first appeared on CIMK.

Source: CIMK