Two unknown funds agreed to acquire 8.07% stake in Greentown China Holdings Limited (SEHK:3900) from Shou Bainian, an executive director of Greentown China Holdings Limited for HKD 2.1 billion on January 26, 2018. As per the terms, Shou Bainian will sell 174.6 million shares at HKD 12.08 per share. One of the fund completed the acquisition of 91.78 million shares on January 26, 2018. Shou Bainian will retire after completion of remaining share sales. Completion of the remaining 82.78 million shares to the second fund is expected to take place on or before April 6, 2018.