Country Garden Services to acquire Wealth Best Global from R&F Properties for $1.55bn.

Country Garden Services, a China-based residential property management service provider, agreed to acquire Wealth Best Global, a comprehensive property management service provider, from R&F Properties, a diversified conglomerate engaged in real estate development, for $1.55bn. "The acquisition will supplement the business of the group, strengthen the Group’s advantages in certain areas (mainly in first-tier, new first-tier and second-tier cities in the PRC," Country Garden Services.