September 4，188bet game (Asia) Holdings Co., Ltd. issued an announcement，The target company Chengdu Tianfu 188bet game Industrial Development Co., Ltd. held by Yaohao International, an indirect wholly-owned subsidiary of 188bet game Chengdu Investment and Acquisition Company 50.99% equity and 1.6 billion yuan of debt，The total cost is 12.5.2 billion yuan，The equity consideration is 10.9.2 billion yuan。

After completion，188bet game (Asia) Group will not hold any interest in the target group，The Target Group will no longer be a subsidiary of 188bet game (Asia)。It is expected that 188bet game (Asia) Group will realize the proceeds from the disposal of approximately RMB 2.3.3 billion yuan。

according to announcement，The total registered capital of the target company is RMB 1.5 billion，Fully paid。The target company is mainly engaged in tourism and real estate development business，Including Chengdu 188bet game project。

Chengdu Overseas Chinese Town project is a large-scale comprehensive development project，Located on both sides of Shaxi Line, Third Ring Road, Jinniu District, Chengdu City, Sichuan Province，Including high-end residential communities、Urban entertainment and commercial complex and Happy Valley theme park，The total 188bet game 1,827,000 square meters，The total construction 188bet game 2,250,000 square meters。

On announcement date，The target company has launched the final sales stage of commercial housing and shops under the Chengdu Overseas Chinese Town project，Only a few properties left for sale，Including total area of ​​about 54,Multi-storey villas and residential properties of 600 square meters、Total 188bet game 6,600 square meters of high-end shops and a total area of ​​about 25,900 square meters of parking lot。

The total gross floor area of ​​rentable commercial properties completed between 2009 and 2019 is approximately 123,600 square meters，For example, located on the pure waterfront、Park Plaza、The underground shops and commercial street shops of East Bank Club and Hacker Children’s Center。

in 2019，The contracted sales area and amount respectively reached approximately 89,400 square meters and about RMB 15.9.4 188bet game，The settled area and amount are about 55 respectively,400 square meters and about RMB 10.3.6 188bet game。The rentable commercial land area is about 125,400 square meters，About 96% of them are rented。

For the year ended December 31, 2019，Chengdu Happy Valley attracts about 3.27 million tourists，Realized income of approximately RMB 2.6.1 188bet game。

*Source of this article：China.com Real Estate,Original title：《188bet game (Asia): 12.5.2 billion yuan acquisition of Chengdu Overseas Chinese Town project 50.99% equity and debt》.