[ET Net News Agency, 23 September 2019] Fullsun International Holdings Group Co.,
Limited (00627) said its subsidiary Zhuo Hong (Fujian) Building Materials Trading Co.,
Ltd. has agreed to acquire 100% of the equity interest in Zhongshan Zhengpei Electronic
Technology Co., Ltd. (the target company) and a shareholder's loan at a consideration of
RMB150 million.
The target company is principally engaged in property development in Guangdong Province,
the PRC. The principal assets of the target company is a property project under
development located beside Zhongshan Port, Zhongshan Torch Development Zone, Zhongshan
City, Guangdong Province, the PRC. The project is planned for residential and commercial
purpose. (RC)