Chengdu Renju Real Estate Co., Ltd. intends to acquire Jiazhiding Real Estate Co., Ltd. from China Zhonghua Geotechnical Engineering Group Co., Ltd. (SZSE:002542) for CNY 80 million on December 31, 2019. Under the terms, half deal value will be paid within 10 days of signing the agreement and other half will paid with 10 days of change of registry procedures. The financials of Jiazhiding Real Estate for the year ended 2018 are total assets for CNY 51.4 million, total owner's equity of CNY 49.2 million, operating loss of CNY 0.49 million and net loss of CNY 0.49 million. The transaction is subject to approval of shareholders and was approved by the Board of Directors of China Zhonghua Geotechnical Engineering. Chengdu Renju Real Estate Co., Ltd. cancelled to acquire Jiazhiding Real Estate Co., Ltd. from China Zhonghua Geotechnical Engineering Group Co., Ltd. (SZSE:002542) on December 31, 2020.