Huamao Property Holdings Ltd entered into a share transfer agreement to acquire additional 12.19% stake in Spring Asset Management Limited from Sino-Ocean Group Holding Limited (SEHK:3377) on September 18, 2023. As part of the agreement, Huamao Property will acquire 174,938,678 units in Spring REIT. Following the Unit Transfer, Sino-Ocean Group?s unitholding in Spring REIT will decrease from 176,408,678 units (representing 12.29% of the total number of Spring REIT units in issue) to 1,470,000 units (representing 0.10% of the total number of Spring REIT units in issue), while Huamao Property?s unitholding in Spring REIT will increase from 185,249,742 units (representing 12.90% of the total number of Spring REIT units in issue) to 360,188,420 units (representing 25.09% of the total number of Spring REIT units in issue).
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- Huamao Property Holdings Ltd entered into a share transfer agreement to acquire additional 12.19% stake in Spring Asset Management Limited from Sino-Ocean Group Holding Limited.