Chongqing Yukaifa Co., Ltd. announced on September 11, 2026 that the industrial and commercial registration for its acquisition of a 51% stake in Chongqing Huangge Wandu Real Estate Development Co., Ltd. has been completed. Huangge Wandu has become a controlling subsidiary of the company and will be included in its consolidated financial statements. The transaction was approved at the company's fourth extraordinary shareholders' meeting of 2026 on August 3, 2026. The company acquired the 51% stake in Huangge Wandu from Chongqing Hengcheng Rongzhi Investment Management Co., Ltd. at an appraised value of 210.980574 million yuan. Huangge Wandu has a registered capital of 200 million yuan, is a limited liability company under state control, with Zheng Qiang as its legal representative. Its business scope includes real estate development and operation, residential leasing, and non-residential real estate leasing.
Chongqing Yukaifa Co LtdCompletes acquisition of 51% stake in Huangge Wandu for ~211 million yuan, making it a controlling consolidated subsidiary.
