Beijing Real Estate Property Development Co., Ltd. agreed to acquire 30% stake in Beijing Changxin Tongtai Property Co., Ltd. from Beijing Capital Development Co., Ltd. (SHSE:600376) for CNY 300 million on November 2, 2023. Beijing Changxin Tongtai Property reported total assets of CNY 2.4 billion and net assets of CNY 998.4 million as on May 31, 2023. The transaction is approved by the Board of Directors and shareholders of Beijing Capital Development.