Shanghai Dongtan Construction Group Co.,Ltd. agreed to acquire Shanghai Silver Horse Industry from Shang Hai Ya Tong Co.,Ltd. (SHSE:600692) for CNY 22.1 million on April 16, 2024. The consideration consists of CNY 22.13 million in cash. As part of the consideration, CNY 22.13 million was paid towards common equity.

As of November 30, 2023, Shanghai Silver Horse Industry reported total assets of CNY 8.6 million, and owners' equity of CNY 8.6 million. The deal has been approved by board of directors of Shang Hai Ya Tong Co.,Ltd.