BTG Hotels (Group) Co., Ltd (SZSE:600258) agreed to acquire 12.5% stake in Ningbo Nanyuan Group Co., Ltd from Zhejiang Nanyuan Holding Group Co., Ltd for CNY 69.1 million on December 10, 2015. The transaction is subject to shareholders' approval of BTG Hotels (Group) Co., Ltd. After the completion of the transaction, BTG Hotels (Group) Co., Ltd. will hold 92.70% stake, Zhejiang Nanyuan Holding Group Co., Ltd. will hold 0.01% stake and Yue Zhiming will hold 7.23% stake. As of December 25, 2015, shareholders of BTG Hotels approve the deal.