China Fortune Land Development Co., Ltd. (SHSE:600340) agreed to acquire an unknown minority stake in Langfang Kongquehu Real Estate Development Co., Ltd. on June 5, 2017. In a related transaction, China Fortune Land Development Co., Ltd. signed a capital increase agreement with Shenwan Hongyuan Securities Co., Ltd. As on June 5, 2017, board of directors of China Fortune Land Development Co., Ltd. approved the transaction. China Fortune Land Development Co., Ltd. (SHSE:600340) cancelled the acquisition of an unknown minority stake in Langfang Kongquehu Real Estate Development Co., Ltd. on June 5, 2018.