General Notice No. 247 of 2014

Competition Commission » Notification to approve with conditions the transaction involving » Shangai...

Title	Competition Commission » Notification to approve with conditions the transaction involving » Shangai Zendai Property Limited and certain immovable properties held by AECI Group and Heartland Business Case Number » 2013Nov0538
Department	Trade and Industry
Gazette	National Gazettes, No. 37478 of 28 March, 2014, 5 page(s), 708Kb

STAATSKOERANT, 28 MAART 2014                       No. 37478  19

NOTICE 247 OF 2014

COMPETITION COMMISSION

NOTIFICATION TO APPROVE WITH CONDITIONS THE TRANSACTION INVOLVING:

SHANGHAI ZENDAI PROPERTY LIMITED
                                                         AND
                     CERTAIN ::_k:JOVABLE PROPERTIES HELD BY AECI GROUP AND HEARTLAND
                                                      BUSINESS

CASE NUMBER: 2013NOV0538

The Competition Commission hereby gives notice, in terms of Rule 38 (3)(c) of the 'Rules for
                the Conduct of Proceedings in the Competition Commission, that it has approved the
                transaction involving the above mentioned firms subject to conditions as set out below:

The primary acquiring firm is Shanghai Zendai Property Limited ("Zendai"), a public company
                incorporated in terms of the laws of the Republic of Bermuda, and is listed on the Hong Kong
                Stock Exchange ("HKE"). Zendai is a listed entity and is therefore not controlled by any firms.
                Zendai is an investment holding company that engages in property development in the People's
                Republic of China, Hong Kong and New Zealand. The company focuses on the development,

investment and management of residential and commercial properties in China, Shanghai and
                Hainan. Its activities include the development and sales of apartments, villas, detached houses,
                and office premises, provision of travel and related services, property rental, management,
                agency services and hotel operations.

The primary target firms are the immovable property held by AECI Group of companies ("the
                Target Asset") and the Heartland Properties (Pty) Limited ("Heartland") property development
                business based in Modderfontein in Gauteng Province ("the Heartland Business"). The Target
                Asset consists of 1600 hectares of land situated in Gauteng Province, Modderfontein, north of

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General Notice No. 247 of 2014

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