China Nanshan Development (Group) Incorporation signed an agreement to acquire 20% stake in China Development Finance Co., Ltd. from Shenzhen Chiwan Wharf Holdings Ltd. (SZSE:200022) for approximately CNY 110 million on November 30, 2015. As of December 31, 2014, China Development Finance had total assets of CNY 2.57 billion, net assets of CNY 526.01 million, revenue of CNY 61.54 million and net profit of CNY 20.48 million.

China Nanshan Development (Group) Incorporation completed the acquisition of 20% stake in China Development Finance Co., Ltd. from Shenzhen Chiwan Wharf Holdings Ltd. (SZSE:200022) on December 9 2015.