Shanghai Trendzone Construction Decoration Group Co.,Ltd. (SHSE:603030) acquired remaining 18.5% stake in Shanghai Trendzone Decoration Co., Ltd. from Shanghai Guosheng Haitong Equity Investment Fund (Limited Partnership) on June 10, 2020. The acquisition is financed by the non-public issuance of A shares of Shanghai Trendzone Construction Decoration Group for CNY 466.2 million. Post the acquisition, Shanghai Trendzone Construction Decoration Group Co.,Ltd. will hold 100% stake in Shanghai Trendzone Decoration Co., Ltd. As of December 31, 2019, Shanghai Trendzone Decoration Co., Ltd. has a revenue of CNY 5 billion, total assets of CNY 4.6 billion, total common equity of CNY 1.13 billion, operating profit of CNY 277 million and a net profit of CNY 214.8 million. Shanghai Trendzone Construction Decoration Group Co.,Ltd. (SHSE:603030) completed the acquisition of remaining 18.5% stake in Shanghai Trendzone Decoration Co., Ltd. from Shanghai Guosheng Haitong Equity Investment Fund (Limited Partnership) on June 10, 2020.