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Will COFCO Property be renamed Country Garden?
COFCO Real Estate will not be renamed Country Garden.
/kloc-The announcement in the evening of February/April showed that Country Garden Service announced the acquisition of COFCO Baiyue Home Service Co., Ltd., a property company owned by COFCO Holdings, holding about 93.76% of the company's shares. Country Garden Services has already held a 6.24% stake in COFCO Baiyue Zhijia. After the acquisition, COFCO Baiyue Zhijia will become a wholly-owned subsidiary of Country Garden Service, and its performance, assets and liabilities will be incorporated into the financial statements of Country Garden Service. But this does not mean that COFCO Property will be renamed Country Garden.
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