Beijing Properties (Holdings) Limited (SEHK:925) signed a sale and purchase agreement to acquire 25% stake in Beijing BHL Logistics Limited from Hopeson Holdings Limited for CNY 44.3 million on February 1, 2019. Total consideration of CNY 13.3 million shall be payable by cash payment within 2 working days after the effective date of agreement and the remaining CNY 31 million shall be settled by cash payment within 3 working days after the completion of the registration procedures by the Administration of Industry and Commerce in China. In a related transaction, Beijing Yun Zhong Management Consulting Co., Ltd signed a sale and purchase agreement to acquire 15% stake in Beijing BHL Logistics Limited from Riverside Investment Group Co. Ltd. Post completion of both the transaction, Beijing Properties (Holdings) Limited will indirectly own 40% stake in Beijing BHL Logistics Limited. Beijing BHL Logistics Limited reported net profit after tax of CNY 4.6 million and net assets of CNY 177.1 million for the year ended December 31, 2018.