KE Holdings Inc. Announces Closing of Shengdu Acquisition
20 Abril 2022 - 10:00AM
Business Wire
KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a
leading integrated online and offline platform for housing
transactions and services, today announced that the Company
successfully completes the acquisition of Shengdu Home Renovation
Co., Ltd. (together with its subsidiaries and affiliates,
“Shengdu”) for an aggregate consideration of RMB3.92 billion in
cash and 44,315,854 Class A ordinary shares (or equivalent to
approximately 14,771,951 American depositary shares) of the Company
in equity. Upon closing of the acquisition, the Company
beneficially owns 100% of the issued and outstanding shares of
Shengdu, and Shengdu becomes a consolidated subsidiary of the
Company.
About KE Holdings Inc.
KE Holdings Inc. is a leading integrated online and offline
platform for housing transactions and services. The Company is a
pioneer in building the industry infrastructure and standards in
China to reinvent how service providers and housing customers
efficiently navigate and consummate housing transactions, ranging
from existing and new home sales, home rentals, to home renovation
and furnishing, and other services. The Company owns and operates
Lianjia, China’s leading real estate brokerage brand and an
integral part of its Beike platform. With more than 20 years of
operating experience through Lianjia since its inception in 2001,
the Company believes the success and proven track record of Lianjia
pave the way for it to build the industry infrastructure and
standards and drive the rapid and sustainable growth of Beike.
About Shengdu Home Renovation Co., Ltd.
Founded in 2002 and headquartered in Hangzhou, Shengdu is a
full-service home renovation service provider in China. With 20
years of operating experience, Shengdu has now achieved full
coverage in East China market, and is gradually expanding its
business in more major cities across the country, providing quality
one-stop home renovation and decoration services for a large
customer base.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Among other things, the business outlook
and quotations from management in this press release, as well as
Beike’s strategic and operational plans, contain forward-looking
statements. Beike may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the “SEC”), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about KE Holdings Inc.’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Beike’s goals and strategies; Beike’s
future business development, financial condition and results of
operations; expected changes in the Company’s revenues, costs or
expenditures; Beike’s ability to empower services and facilitate
transactions on Beike’s platform; competition in our industry;
relevant government policies and regulations relating to our
industry; Beike’s ability to protect the Company’s systems and
infrastructures from cyber-attacks; Beike’s dependence on the
integrity of brokerage brands, stores and agents on the Company’s
platform; general economic and business conditions in China and
globally; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in KE Holdings Inc.’s filings with the SEC. All
information provided in this press release is as of the date of
this press release, and KE Holdings Inc. does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220420005567/en/
For investor and media inquiries, please contact:
In China: KE Holdings Inc. Investor Relations Matthew Zhao
Siting Li E-mail: ir@ke.com
The Piacente Group, Inc. Yang Song Tel: +86-10-6508-0677 E-mail:
ke@tpg-ir.com
In the United States: The Piacente Group, Inc. Brandi Piacente
Tel: +1-212-481-2050 E-mail: ke@tpg-ir.com
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