Nacity Property Service Group Co., Ltd. (SHSE:603506) agreed to acquire 17% stake in Zhejiang Gushang Intelligent Technology Co., Ltd from Zhejiang Nacity Industrial Development Group Co., Ltd. for CNY 85.26 million on November 8, 2022. Nacity Property Service Group Co., Ltd. (SHSE:603506) reported Total assets worth CNY 441.06 million, Net loss of CNY -2.50 million and Total Common equity of CNY 397.22 million in December 31, 2021. The transaction was already approved by Nacity Property Service Group's Board of directors and is still subject to Nacity Property Service Group's shareholders.