Beijing Jinhao Real Estate Development Co., Ltd. agreed to acquire Financial Street Jinmen (Tianjin) Real Estate Co., Ltd. from Financial Street (Tianjin) Real Estate Co., Ltd and Financial Street Holdings Co., Ltd. (SZSE:000402) for CNY 520 million on May 24, 2024. Financial Street Jinmen (Tianjin) reported total assets of CNY 832 million and net assets of CNY 379 million as on February 29, 2024. The board of directors of Financial Street Holdings approved the transaction.

The transaction is conditional on approval from the Xicheng District State-owned Assets Supervision and Administration Commission.