KE Holdings Inc. Acquires Shengdu Home Renovation Co., Ltd.

April 20, 2022

KE Holdings Inc. (Beike) has completed the acquisition of Shengdu Home Renovation Co., Ltd. for an aggregate consideration of RMB3.92 billion in cash plus 44,315,854 Class A ordinary shares. Shengdu, a Hangzhou‑headquartered full‑service home renovation provider founded in 2002 with broad East China coverage, becomes a consolidated subsidiary to accelerate Beike's expansion of its home renovation and interior‑services capabilities.

Buyers
KE Holdings Inc.
Targets
Shengdu Home Renovation Co., Ltd.
Industry
Construction
Location
Zhejiang, China
Transaction Type
Buyout

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