KE Holdings Inc. completed the acquisition of the remaining 98.0805% stake in Kongjian Zhihui Decoration Co., Ltd. from H iKongjian Co., Limited, Wei Chen, Jiang Wang, Yihua Xin, Xiaoju Chang, Yanjie Shen and others.
April 25, 2024
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KE Holdings Inc. (NYSE:BEKE) agreed to acquire remaining 98.0805% stake in Kongjian Zhihui Decoration (Beijing) Co., Ltd. from H iKongjian Co., Limited, Wei Chen, Jiang Wang, Yihua Xin, Xiaoju Chang, Yanjie Shen and others for CNY 1.6 billion on October 10, 2023. Kongjian Zhihui Decoration reported total assets of CNY 421 million and net assets of CNY -399 million as at June 30, 2023.
KE Holdings Inc. (NYSE:BEKE) completed the acquisition of the remaining 98.0805% stake in Kongjian Zhihui Decoration (Beijing) Co., Ltd. from H iKongjian Co., Limited, Wei Chen, Jiang Wang, Yihua Xin, Xiaoju Chang, Yanjie Shen and others on April 26, 2024.
KE Holdings Inc is a China-based holding company engaged in housing transactions and related services. The Company operates in three segments. Existing Home Transaction Services segment mainly provides sales and leasing services of existing housing through the online platform Beike as the brokerage. New Home Transaction Services segment mainly provides new housing agency sales for real estate developers. Emerging and Other services segment is engaged in financial services and other newly developed businesses. The Company mainly conducts its business in the domestic market.
KE Holdings Inc. completed the acquisition of the remaining 98.0805% stake in Kongjian Zhihui Decoration Co., Ltd. from H iKongjian Co., Limited, Wei Chen, Jiang Wang, Yihua Xin, Xiaoju Chang, Yanjie Shen and others.