China

Shanghai Trendzone Decor to Acquire Majority Stake in Shanghai Didong Architectural Design Co.

Summary:

  • Shanghai Trendzone Decor Group Co. (603030.SS) recently announced plans to acquire an undisclosed stake in Shanghai Didong Architectural Design Co. for RMB 153 million, as reported by Sina Finance.

 

  • After the deal, Shanghai Trendzone Decor will become Shanghai Didong’s controlling shareholder with a %51 ownership stake.

 

  • The company did not specify whether they already held a certain stake in Shanghai Didong before the deal, or how big a stake they already held.

Why It Matters:

  • Shanghai Didong provides¬†architectural design, landscape design, and urban planning services services across the country, including in the Northeast and the Southwest of China.

 

  • Shanghai Trendzone is a provider of residential full decoration integrated solutions and system services. The company believes that the acquisition of a controlling stake in Shanghai Didong could help the company expand into new areas such as architectural design and¬†landscape design.