KE Holdings To Buy Shengdu Home Renovation In RMB 8 Bln Deal

(RTTNews) - KE Holdings Inc. (BEKE) agreed to acquire 100% equity interests in Shengdu Home Renovation from its existing shareholders for a total consideration capped at RMB8 billion consisting of cash and equity.

KE Holdings now expects to close transaction in the first half of 2022.

Founded in 2002 and headquartered in Hangzhou, Shengdu is a full-service home renovation service provider in China. With over 19 years of operating experience, Shengdu has become home renovation service provider in East China with a service network covering seven provinces and municipalities, providing quality one-stop home renovation service for a large customer base.