China Merchants Property Operation & Service Co., Ltd. (SZSE:001914) agreed to acquire 67% stake in Sun Chung Property Management (China) Co., Ltd. from Sun Chung Property Management Co. Ltd. for approximately CNY 540 million on June 17, 2022. For December 31, 2021, Sun Chung Property Management (China) reported total assets of CNY 610.8 million, net assets of CNY 218.7 million, net profit of CNY 40 million and revenue of CNY 409.8 millions.