China Orient Asset Management Co., Ltd. agreed to acquire 7.07% stake in Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (SZSE:000029) from Shenzhen Investment Management Corporation for CNY 820 million on June 28, 2024. The transfer price of the underlying shares is CNY 11.47 per share.

The transaction is subject to approval by state-owned assets regulatory department, compliance confirmation from the Shenzhen Stock Exchange, and application to China Securities Depository and Clearing Corporation Limited for share transfer registration.