Ping An Asset Management Co., Ltd. signed a share transfer agreement to acquire an additional 5.7% stake in China Fortune Land Development Co., Ltd. (SHSE:600340) from China Fortune Land Holding Co., Ltd. for CNY 4.2 billion on January 31, 2019. As per the terms, Ping An Asset will acquire 170.9 million shares at CNY 24.597 per share. Post acquisition, Ping An Asset Management will hold 172.2 million shares representing 5.73% stake and China Fortune Land Holding will hold 1 billion shares representing 35.61% stake. Ping An Asset Management Co., Ltd. completed the acquisition of an additional 5.7% stake in China Fortune Land Development Co., Ltd. (SHSE:600340) from China Fortune Land Holding Co., Ltd. on April 8, 2019. On April 9, 2019, China Fortune Land Development obtained the Confirmation of Transfer of China Securities Depository and Clearing Co., Ltd. issued by China Securities Depository and Clearing Co., Ltd.