Wangfujing Group Co., Ltd. (SHSE:600859) agreed to acquire 15% stake in Beijing Huanhui Real Estate Co., Ltd. from Beijing Tourism Group Co.,Ltd. for CNY 16.2 million on December 7, 2023. Beijing Huanhui Real Estate Co., Ltd reported Total assets worth CNY 7 billion, Total Common equity of CNY 74.8 million and Net loss of CNY 15.9 million on December 31, 2023. Transaction has already been approved by Wangfujing Group Co., Ltd.'

s board of director's and still subject to approval from Wangfujing Group Co., Ltd.'s shareholders.