YunNan Metropolitan Real Estate Development Co., Ltd (SHSE:600239) agreed to acquire remaining 20% stake in Chengdu Minsheng Xishen Investment Co., Ltd. from Minsheng Xishen Wenlü (Tianjin) Equity Investment Fund Partnership (Limited Partnership) for CNY 2 million on January 4, 2019. Payment will be done in one single installment within 5 days since completion of change of registry procedures. After the transaction, Chengdu Minsheng Xishen Investment Co., Ltd. will operate as a wholly owned subsidiary of YunNan Metropolitan Real Estate Development Co., Ltd. Chengdu Minsheng Xishen Investment Co., Ltd. reported total assets of CNY 1.28 billion and net assets of CNY 3.17 million as at June 30, 2018. The Board of Directors of YunNan Metropolitan Real Estate Development Co., Ltd approved the transaction on January 4, 2019.