Hunan Pharmaceutical Development Private Equity Fund Management Co., Ltd. agreed to acquire 82.5% stake in Hunan Development Group Pension Industry Co., Ltd. from Hunan Development Group Co., Ltd. (SZSE:000722) for CNY 6.17 million on December 22, 2023. Transaction has already been approved by Hunan Development Group's board of directors. As on January 24, 2024, Hunan Provincial State-owned Assets Supervision and Administration Commission approved the transaction.