Shanghai Chengtou Holding Co.,Ltd (SHSE:600649) agreed to acquire 15.3% stakes in Shanghai Luxiangyuan Construction and Development Co., Ltd from Shanghai Construction Group Co., Ltd. (SHSE:600170) for CNY 1155 million on August 16, 2022. As of December 31, 2021 Shanghai Luxiangyuan Construction and Development Co., Ltd reported total assets and owner's equity of CNY 18,982 million and CNY 7,020.79 million