Beijing Hualian Department Store Co., Ltd (SZSE:000882) agreed to acquire additional 11% stake in Beijing Hualian First Pacific Commercial Property Management Co., Ltd. from Jiamaochen Management Consulting (Beijing) Co., Ltd. and Savills Property Services (shanghai) Co Limited for CNY 5.5 million on July 29, 2021. Beijing Hualian Department Store intends to use its own funds of CNY 5.5 million for the transaction. For the year June 30, 2021, Beijing Hualian First Pacific Commercial Property Management reported, Total assets of CNY 88.1526 million, Total owners equity of CNY 20.2073 million, operating income of CNY 151.3010 million and Net profit of CNY 3.3044 million. The transaction has been approved by BOD of Beijing Hualian Department Store Co., Ltd.