HL Corp (Shenzhen) (SZSE:002105) agreed to acquire 25.04% stake in HL Corp. (Tianjin) Co., Ltd. from Kalin Development Limited for CNY 75.1 million on August 24, 2023. The transaction is approved by board of directors of HL Corp (Shenzhen).

As of June 30, 2023, HL Corp. (Tianjin) Co., Ltd. generated total assets of CNY 409.9 million and net assets of CNY million.