China Bead Holdings (600568) announced that the company intends to buy Yang Jianghaohui Real Estate Development Co., Ltd. 49% Equity, in order to implement the Company's development strategy, enhance the company's comprehensive competitive strength, to achieve sustainable development of the company. 49% Equity transfer Total price of RMB 41.69 million yuan. As at July 31, 2010, the company's total assets were 50,898.980,000 yuan, the total liabilities of 42,914 410,000 yuan, net assets of 7,984 yuan, total profit-570,000 yuan. The target company's equity is funded by the company's own funds. The announcement stated that the purpose of this investment is to implement the company based in Zhuhai, facing the country, appropriate to explore the market strategy, seize the market opportunity to acquire land development projects, for the company to seek new profit growth point. The completion of the acquisition is conducive to the company's overall operating performance of the steady growth.
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