Hangzhou Liren Equity Investment Partnership agreed to acquire 5% stake in China Union Holdings Ltd. (SZSE:000036) from Union Developing Group of China Ltd for CNY 300 million on January 5, 2022. Under the terms, 40% of the consideration payment will be paid in 10 days of agreement and 60% of the consideration will be paid with in 10 days of agreement. Post completion Union Developing Group of China Ltd's stake will reduce to from 33.21% to 28.21%.