Tangrenshen Group Co., Ltd signed an Intention agreement to acquire 60% stake in Hunan Longxiang Construction Engineering Co., Ltd. from Guangdong Hongtang Investment Partnership Enterprise (L.P.) for CNY 56.4799 million.

Tangrenshen Group Co., Ltd (SZSE:002567) signed an Intention agreement to acquire 60% stake in Hunan Longxiang Construction Engineering Co., Ltd. from Guangdong Hongtang Investment Partnership Enterprise (L.P.) for CNY 56.4799 million on August 4, 2022. Payment will be from own funds of Tangrenshen Group Co., Ltd (SZSE:002567). The transaction was approved by Board of Tangrenshen Group Co., Ltd (SZSE:002567).

On December 30, 2022, Tangrenshen Group Co., Ltd (SZSE:002567) signed Share Purchase Agreement to acquire 60% stake in Hunan Longxiang Construction Engineering Co., Ltd. from Guangdong Hongtang Investment Partnership Enterprise (L.P.). The transaction was approved by Tangrenshen Group Co., Ltd ninth meeting of the ninth board of directors. For the year ended, Tangrenshen Group Co., Ltd total asset is CNY 287.377 million and net asset is CNY 93.890 million.