[ET Net News Agency, 26 September 2019] Agile Group Holdings Limited (03383) and
A-Living Services Co., Ltd. (03319) said Tianjin Yachao Enterprise Management Consulting
Co., Ltd. (the purchaser, an indirect wholly-owned subsidiary of A-Living) has
conditionally agreed to acquire (i) the 60% equity interest in CMIG PM at the fixed
consideration of RMB1.56 billion; and (ii) the 60% equity interest in New CMIG PM at the
variable consideration, subject to the maximum amount of RMB500 million.
CMIG PM is principally engaged in property management services. Assuming that the
reorganisation has been completed, the CMIG PM Group consists of four major wholly-owned
subsidiaries, eight major non wholly-owned subsidiaries and four major associates.
Through the acquisitions, the current business portfolio and geographic layout of the
A-Living Group will be complemented effectively, while consolidating the existing leading
position of the A-Living Group and creating synergies. In addition, the acquisitions can
largely improve the management scale, profitability and brand competitiveness of the
A-Living Group, thereby strengthening the A-Living Group's position as a leading property
management services enterprise with nationwide layout, comprehensive business portfolios
and reputable brands. (RC)