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01417 RIVERINE CHINA
RTNominal up0.247 +0.007 (+2.917%)
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25/09/2019 10:57

Riverine China (01417) proposes to buy property business

[ET Net News Agency, 25 September 2019] Riverine China Holdings Limited (01417) said
its subsidiary Shanghai Pujiang Property Company Limited proposed to acquire 51% equity
interests of a target company.
The target company is engaged in the business of the provision of property management
services in Shanghai and Hunan province. The businesses of the target complement the
businesses of the group and could help expand the group's market share in the PRC. As a
result, by acquiring a majority interest in the target, the group could strengthen its
market position and diversify its businesses. (RC)

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