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Tai United (0718) buys underground shopping malls business from Dai Yongge for CNY1.991bn
Company announcement, 24-Dec-2020
A bit of last-minute Christmas shopping. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387). The deal involves 2 malls. In 2016, he acquired a larger collection of these malls, which operate in air-raid shelters without property title, from China Dili. This deal comes after Tai United was warned by the Stock Exchange that it has insufficient operations under Listing Rule 13.24. Problem solved!
Organisations
- China Dili Group 中國地利集團
- Guangzhou Rongzhi Public Facilities Investment Co., Ltd. 廣州融智公共設施投資有限公司
- Jinzhou Jiachi Public Facilities Management Co., Ltd. 錦州嘉馳公共設施管理有限公司
- Sky Build Limited
- Stone Wealth Limited
- Superb Power Enterprises Limited
- Tai United Holdings Limited 太和控股有限公司
- Tai United Properties Company Limited (VG)
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