Hefei Urban Construction Development (002208.SZ) plans to increase its ownership by acquiring 100% of Anhui Public Resources Trading Group to optimize its development model.

Hefei Urban Construction Development (002208.SZ) disclosed the issuance of shares to purchase assets as well as related party transactions plan. The company plans to issue shares to purchase 100% equity of Anhui Public Resources Trading Group Co., Ltd., owned by Hefei Xing Tai Finance Holding (Group) Co., Ltd. The transaction price of the target assets has not been finalized, and the issuance price is planned to be 4.11 yuan per share. According to the announcement, Anhui Public Resources Trading Group Co., Ltd. is mainly engaged in tender agency services, tender value-added services, and other trading services. The target company has been deeply involved in the trading services field, with main businesses covering tender agency services, tender value-added services, property rights trading services, etc., located in the upstream industry of the listed company. After this transaction, the trading group will become a wholly-owned subsidiary of the company, and the main business of the listed company will extend upstream to the trading services field. The announcement stated that the target company has accumulated abundant supplier resources in the areas of engineering, goods, services, etc., and has excellent trading service capabilities. The listed company has a significant amount of procurement needs in its current main business operations, and the target company can synergize well with the listed company to enhance the supply chain management and cost control capabilities, thereby reducing operating costs and improving the company's profitability. This transaction will optimize the listed company's previous single real estate main business development model, accelerate transformation and upgrading, broaden revenue and profit channels, and optimize the listed company's capital structure. Additionally, the company's stock will resume trading from September 25, 2024.