Shenzhen Strongteam Decoration Engineering Says Actual Controller Plans to Sell Controlling Stake to State-Backed Firm

Shenzhen Strongteam Decoration Engineering Co Ltd is a company mainly engaged in providing decoration services. The Company's businesses include mass decoration business, design business and other business. The mass decoration business involves both residential and non-residential buildings, including commodity residential houses, affordable housing, long-term rental apartments, schools and hotels. The clients include governments and real estate companies. The design business is responsible for providing indoor and outdoor decoration design services for communities and public buildings, such as chain stores and office buildings. The other business operates the rental of government welfare housing.