Shenzhen Aoyuheng Industrial Co., Ltd agreed to acquire 4.82% stake in P.G. Logistics Property Investment Limited from China Development Bank International Investment Limited (SEHK:1062) for CNY 190 million on July 15, 2022. As per consideration, a security deposit of CNY 10 million has been paid by Shenzhen Aoyuheng to SUAEX and shall constitute part of the first installment, a first installment (which shall include the paid security deposit) of CNY 57.84 million being 30% of the final bidding price, shall be paid by Shenzhen Aoyuheng into the escrow account designated by the SUAEX within 5 business days after signing of the Equity Transfer Agreement and the remaining balance of CNY 134.96 million together with the Deferred Interests (if any) in relation to any deferred payment shall be paid by Shenzhen Aoyuheng within 6 months after signing of the Equity Transfer Agreement. The deal is subject to acquirer board approval. In the financial year 2021, P.G. Logistics Property Investment Limited had revenue of CNY 122 million and Net loss of 40 million. The net assets of P.G. Logistics as at 31 May 2021 were CNY 806 million.

Shenzhen Aoyuheng Industrial Co., Ltd acquired 4.82% stake in P.G. Logistics Property Investment Limited from China Development Bank International Investment Limited (SEHK:1062) in early September, 2023.