Tongqinglou Catering Co., Ltd. (SHSE:605108) agreed to acquire Hefei Jianan Investment Management Co., Ltd. from Maanshan Putian Investment Development Co., Ltd. and Lu Yuezhen for CNY 120 million on April 26, 2024. After the acquisition, Tongqinglou shall have 100% direct shareholding in Hefei Jianan Investment Management and shall become Tongqinglou ?s wholly-owned subsidiary. Tongqinglou Catering plans to use its own funds for the acquisition.