SUNAC SERVICES (01516) Completes Sale of 80% Stake in Guangxi Zhangtai Sunac Smart

Stock News
Sep 04

SUNAC SERVICES (01516) announced that in order to further optimize its strategic layout and focus more resources and management attention on first and second-tier core cities, the company's wholly-owned subsidiary Rongyuan Investment entered into an equity transaction agreement with Guangxi Laozhangjia and others on April 29, 2025, to achieve the group's complete exit from Zhangtai Service Group. According to the agreement, Rongyuan Investment will transfer its indirectly held 80% stake in Guangxi Zhangtai Sunac Smart to Guangxi Laozhangjia for a consideration of RMB 826.62 million through relevant transaction arrangements. Upon completion of this transaction, the group will no longer hold any equity in Zhangtai Service Group. The announcement stated that as of the date of this announcement, the company's wholly-owned subsidiary Rongyuan Investment has received all transaction payments, the equity transfer registration has been completed, and the group no longer holds any equity in Zhangtai Service Group.

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