Future World to Acquire Shenzhen-Based Property Management Firm For 15 Million Yuan

MT Newswires Live10-03

Future World (HKG:0572), through its subsidiary Shenzhen Xingguanghui Property Management, has agreed to acquire the entire equity interest in Shenzhen Meilianhang Property Management from Cao Yi for 15 million yuan, a Wednesday filing with the Hong Kong bourse said.

The target company owns six properties in Shenzhen and Zhuhai in Guangdong province. Its unaudited net asset value as of Aug. 31 was 26.7 million yuan.

Future World said the transaction is part of its strategy "to expand and optimize" its property investment portfolio.

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