Who sold the first property to?

The first contemporary real estate was sold to Sunac. However, Sunac announced the termination of the acquisition of the first property. Now the first property has not been acquired.

Sunac Service announced the termination of the acquisition of the first property:

On June 3, 2022, at 65438, Sunac Service announced that it would terminate the acquisition of about 32.22% equity of First Service. At this point, the New Year's Eve transaction, which lasted more than three months, failed.

As for the reason for the termination of the transaction, according to the announcement of Sunac Service, the seller suddenly overturned the previous understanding of the transaction price and transaction arrangement on 20211,which eventually led to the failure to complete the signing of the formal agreement.

On the day of Sunac's announcement, Shoufu also issued an announcement to confirm the termination of the transaction, but did not give specific instructions.

The first attribute:

At present, the property management area of the first phase is about 6,543,800 square meters, most of which are some high-end buildings under the Contemporary Group, which are distributed in capital cities such as Beijing, Shanghai, Changsha and Taiyuan.

In addition to continuing to serve the real estate under the Contemporary Group, First Property is seeking more non-contemporary projects. In 20 17 years, the first property added management area of 1.87 million square meters, of which 59% came from properties owned by non-contemporary groups. It is understood that the business of the first property non-contemporary group has accounted for 30%.

The company has continuously increased the intensity of external expansion. The announcement shows that the company will use 1 billion financing to achieve rapid expansion of the company's scale through mergers and acquisitions. The company expects to acquire 4 million and 8 million square meters of property management area in 20 17 and 20 18 respectively.