Guangzhou R&F Properties Co., Ltd. (SEHK:2777) acquired 75% stake in Guangdong Xintianhong Property Development Co., Ltd. from Tian An (Guangzhou) Investment Co., Ltd. and Xintianhong Investment Co., Ltd. for approximately CNY 440 million on January 5, 2018. Guangzhou R&F Properties Co., Ltd. (SEHK:2777) completed the acquisition of 75% stake in Guangdong Xintianhong Property Development Co., Ltd. from Tian An (Guangzhou) Investment Co., Ltd. and Xintianhong Investment Co., Ltd. on January 5, 2018.