Fujian Zhangzhou Development Co.,LTD. (SZSE:000753) agreed to acquire Zhangzhou Xinxin Construction Investment Co., Ltd from Fujian Zhanglong Group Co., Ltd. for approximately CNY 310 million on November 11, 2022. As on August 31, 2022 Zhangzhou Xinxin Construction Investment Co., Ltd reported total assets and Net assets of approximately 380 million and approximately 290 million. Board of directors from Zhangzhou Xinxin Construction Investment Co., Ltd have already approved the deal.