Financial Wire

C&D International, C&D Property Unit Eyes Urban Services, Property Acquisition

-- C&D International Investment (HKG:1908) and C&D Property Management (HKG:2156) said their unit has signed a memorandum of understanding for the potential acquisition of C&D City Service and Lianfa Property, according to an April 10 Hong Kong bourse filing.

Shares of C&D International were down over 1% in Monday morning trade.

The proposed deal involves Xiamen Yirui, a subsidiary of both companies, which plans to acquire the two firms in cash from connected parties, with final terms subject to due diligence and further negotiations.

C&D City Service provides urban public services and space management, while Lianfa Property offers residential and commercial property management services in mainland China.

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C&D International, C&D Property Unit Eyes Urban Services, Property Acquisition | Financial Wire