Sunac adjusted the purchase price of Zhangtai Group and Zhangtai Service from 654.38+007 billion to 9.9 billion.

On May 7th, Sunac China (0 19 18. HK) and Sunac Services (0 15 16. HK) announced the adjustment of the purchase price of Zhangtai Group and Zhangtai Service.

Sunac China said in the announcement that according to the preliminary results of due diligence, Sunac Southwest Group, Nanning Rong Rui Group, Zhangtai Group and their wholly-owned subsidiaries signed a formal agreement with the joint venture company on May 7, 20021. The total contribution of Nanning Rong Rui to the joint venture company decreased from 9.9.1billion yuan to 9.65438+0.7 billion yuan. As for the reasons for the decrease, Sunac China said that it was mainly due to the adjusted related investment and the decrease in the sold profit of Zhangtai Group, which led to a corresponding decrease in the steering loan provided by Nanning Rong Rui.

At the same time, Sunac Services announced that it had completed due diligence on Zhangtai Services and signed a formal agreement with Taixing Holdings (the seller) and Taitao Holdings on the acquisition on May 7. According to the formal agreement, the cost of Sunac Services' investment in acquiring 80% equity of Zhangtai Services was adjusted from the previous 800 million yuan to 730 million yuan.

In an earlier announcement, Sunac China plans to invest 9.9 billion yuan to establish a joint venture with Zhangtai Group, and 800 million yuan to acquire 80% equity of Zhangtai Service. After this adjustment, the investment of Sunac China and Sunac Services in Zhangtai Group and Zhangtai Services decreased from 654.38+007 billion yuan to 9.9 billion yuan, with a total decrease of 800 million yuan.

According to the previous agreement, Sunac Southwest Group or its designee will first set up a platform company as a joint venture company, and Zhangtai Group and its related parties will reorganize the target company by transferring all the target shares to the joint venture company, so that Sunac Southwest Group or its designee will hold 80% of the shares of the joint venture company, and Zhangtai Group and its related parties will hold 20% of the shares of the joint venture company. Sunac Southwest actually contributed 80% to the joint venture company, about 86,543,800,000 yuan, for the business development of the joint venture company or to repay the debts of the joint venture company and the target company. In addition, Sunac Southwest will also provide special loans to the joint venture company, the total amount of which is not expected to exceed 65.438+79 billion yuan.

Zhangtai Group is mainly engaged in real estate project development in Guangxi Zhuang Autonomous Region. Mainly in Nanning, Guilin and other cities to develop 57 target projects, including 54 real estate development projects and 3 real estate construction projects. The saleable building area is about 1 1.62 million square meters, and the unsold building area will be1.20 million square meters by 2020. Zhangtai Service is a comprehensive property management service provider in Guangxi Zhuang Autonomous Region. By June 65438+February 3, 20201,the contracted construction area of Zhangtai service was about 24.78 million square meters, of which the management construction area was about11970,000 square meters.

Huang Haitao, Chairman of Zhangtai Group, said in an interview with this newspaper (www.thepaper.cn) that the cooperation with Sunac was settled quickly and it took a short time. He thinks Sunac is a very good buyer.

As of the close of May 7, Sunac China reported HK$ 30.85 per share, a decrease of 65,438+0.12%; Sunac Services reported a decrease of 6.53% to HK$ 22.9 per share.