Dongyi Richeng Completes Acquisition of Zhongcheng Daye with Business Registration Changes, Registered Capital Increased to 50 Million Yuan

On March 16, Qichacha data showed that Beijing Zhongcheng Daye Construction Engineering Co., Ltd. (hereinafter referred to as “Zhongcheng Daye”) recently completed several key business changes, marking the official completion of Dongyi Risheng Home Decoration Group Co., Ltd.'s (hereinafter referred to as “Dongyi Risheng”) acquisition of the company.

Image source: Qichacha

The change records indicate that the original investor, Beijing Wankai Construction Co., Ltd. (hereinafter referred to as “Wankai Construction”), exited, and Dongyi Risheng fully took over, with the legal representative simultaneously changed to Xu Jun; at the same time, the company’s registered capital was significantly increased from 10 million yuan to 50 million yuan. This dual change in equity and registered capital is a substantial fulfillment of Dongyi Risheng’s earlier announced plan.

Looking back at the previous announcement, Dongyi Risheng disclosed on January 30 that it intended to acquire 100% of Zhongcheng Daye’s equity held by Wankai Construction for 1 million yuan and planned to increase capital after the transaction. The completion of this business change indicates that the investment has shifted from a paper agreement to substantive progress. It is understood that Zhongcheng Daye’s core assets include its “Level 1 Professional Contracting Qualification for Building Mechanical and Electrical Installation Engineering” certificate and “Safety Production License,” with main business covering construction labor subcontracting, construction engineering, and related technical services. For Dongyi Risheng, this transaction does not involve related-party transactions and does not constitute a major asset reorganization as defined by the “Administrative Measures for Major Asset Restructuring of Listed Companies.”