Zhongnan Urban Construction Investment Co., Ltd. agreed to acquire Hainan Zhongnan Property Service Co., Ltd. from Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961) for CNY 1 on April 13, 2016. In related transactions, Zhongnan Urban Construction Investment Co., Ltd. agreed to acquire 100% stakes in Nantong Zhongnan Century City Property Management Co., Ltd., Haimen Zhongnan Property Management Co., Ltd., Anqing Zhongnan Century City Property Management Co., Ltd., Zhenjiang Century City Property Management Co., Ltd. and 48% stake in Qingdao Zhongnan Property Management Co., Ltd. As of November 30, 2015, Hainan Zhongnan Property Service reported total assets of CNY 11.62 million, negative net asset of CNY 8.49 million, revenue of CNY 17.2 million and net loss of CNY 0.62 million. Zhongnan Urban Construction Investment Co., Ltd. cancelled the acquisition of Hainan Zhongnan Property Service Co., Ltd. from Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961) on April 13, 2017.