According to Zhitong Finance App, C&D International Group (00968) and C&D Property (02156) jointly announced that on September 11, 2026 (after the trading period), Xiamen Lianfa (a subsidiary of C&D Co., Ltd.) and Xiamen Lirong (a wholly-owned subsidiary of C&D Property) signed an equity transfer agreement. Xiamen Lianfa agreed to sell, while Xiamen Lirong agreed to acquire 100% of Lianfa Property's shares. The total cash cost under the equity transfer agreement was RMB 304 million, which was determined by reference to the valuation report.

After the transaction to be carried out under the equity transfer agreement is completed, Xiamen Lirong will hold 100% of the shares in Lianfa Property. Therefore, Lianfa Property will become an indirect subsidiary of C&D Property and C&D International, and its financial results will be comprehensively included in the financial statements of C&D Property and C&D International.

On September 11, 2026 (after the transaction period), C&D Property Services (a wholly-owned subsidiary of C&D Property) signed an entrustment management agreement with Xiamen C&D, Xiamen Huayi (a subsidiary of Xiamen C&D) and C&D City Service for the period from September 11, 2026 to 31 December 2028. According to the entrustment management agreement, Xiamen C&D and Xiamen Huayi agreed to exclusively entrust C&D Property Services to provide management services to C&D Cityservice.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.