Kirin Global Enterprises, Inc. acquired 50% stake in Newport Property Holding, LLC from Kirin International Holding, Inc. (OTCPK:KIRI) for $3.3 million on December 31, 2015. In a related transaction, Kirin Global Enterprises, Inc. acquired Kirin China Holding Ltd, Kirin Hopkins Real Estate Group, Archway Development Group LLC, Specturm International Enterprise, LLC, HHC-6055 Centre Drive LLC and 90% stake in Brookhollow Lake, LLC for a combined deal value of $75 million. Jasper Lake Holdings Limited has financed the deal.

Kirin Global Enterprises, Inc. completed the acquisition of 50% stake in Newport Property Holding, LLC from Kirin International Holding, Inc. (OTCPK:KIRI) on December 31, 2015.