China Union Holdings Ltd. (SZSE:000036) agreed to acquire Shenzhen Jinghengtai Real Estate Development Co., Ltd. from ShenZhen Properties & Resources Development (Group) Ltd. (SZSE:000011) for CNY 840 million on December 21, 2023. The consideration consists of CNY 835 million in cash. ShenZhen Properties & Resources Development (Group) Ltd. board of directors approve the transaction.

China Union Holdings Ltd. (SZSE:000036) complete the acquisition of Shenzhen Jinghengtai Real Estate Development Co., Ltd. from ShenZhen Properties & Resources Development (Group) Ltd. (SZSE:000011) on December 22, 2023.