Jiangshan Oupai Door Industry Co., Ltd (SHSE:603208) signed a basic agreement to acquire remaining 40% stake in Henan Hengda Oupai Door Industry Co., Ltd. from Henan Evergrande Home Furnishing Industrial Park Co., Ltd. for CNY 72.5 million on June 30, 2021. Henan Oupai Door Industry reported total assets of CNY 379.35 million and net assets of CNY 235.56 million as at March 31, 2021. Henan Oupai Door Industry reported operating income of CNY 326 million and net profit of 38.32 million for the year ended December 31, 2020. The transaction has been approved by Jiangshan Oupai Door Industry's Directors.