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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