Shanghai Huitong Energy Co.,Ltd. (SHSE:600605) agreed to acquire remaining 49% stake in Shanghai Lvtai Real Estate Co., Ltd. from Zhengzhou Lvdu Real Estate Group Co., Ltd. for CNY 0 on October 24, 2020. Shanghai Lvtai Real Estate reported total assets of CNY 167 million and negative net assets of CNY 0.58 million as on September 30, 2020. The transaction is subject to approval from shareholders of Shanghai Huitong Energy. The transaction was approved by Board of Shanghai Huitong Energy.