Boyu Capital to acquire a majority stake in Jinke Smart for $606m.

Boyu Capital, an investment firm, offered to acquire a majority stake in Jinke Smart, a firm engaged in providing property management services, for $606m. The cash offer sets the offer price at HK$12 a share, representing a premium of about 33.04%. Boyu Group, which currently holds about a 23% stake, intends for the company to maintain its listing status.