Shanghai Zendai Property Ltd. (SEHK:755) agreed to sell 10% stake in Nanjing Zendai Thumb Plaza Development Co., Ltd for CNY 120 million in cash on November 16, 2012.

Shanghai Zendai Property Ltd. (SEHK:755) completed the acquisition of 10% stake in Nanjing Zendai Thumb Plaza Development Co., Ltd on January 5, 2013.