Nantong Langda Commercial Management Co., Ltd. agreed to acquire Nantong Zhongnan Commerce Development Co., Ltd. from Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961) for CNY 30.1 million on December 4, 2020. Nantong Zhongnan Commerce Development Co., Ltd. reported total assets of CNY 92.16 million and net assets of CNY 23.72 million as at October 31, 2020. The transaction does not need shareholders’ approval. The Board of Directors of Jiangsu Zhongnan Construction Group Co., Ltd. approved the transaction on December 4, 2020.