Fullshare Holdings Limited (SEHK:607) acquired 80% stake in Tianjin Heheng Investment Development Co., Ltd. on November 24, 2020. Loan was provided by an asset management company to Tianjin Heheng in an aggregate of CNY 573.3 million and the loan became a loan extended to Fullshare Holdings Limited. The loan is secured by pledge of 1.52 billion shares of Fullshare Holdings by Magnolia Wealth International Limited. After the transaction, Tianjin Heheng Investment Development will become subsidiary of Fullshare Holdings Limited. Fullshare Holdings Limited (SEHK:607) completed the acquisition of 80% stake in Tianjin Heheng Investment Development Co., Ltd. on November 24, 2020.