Gao Feng and Pledgee Galaxy Securities agreed to acquire a 4.9884% stake in Shenzhen Magic Design & Decoration Engineering Co., Ltd. (SZSE:002856) from Li Suhua for CNY 52.5 million on March 21, 2022. Post acquisition, Li Suhua holds 22.41% stake in Shenzhen Magic.

Gao Feng and Pledgee Galaxy Securities completed the acquisition of a 4.9884% stake in Shenzhen Magic Design & Decoration Engineering Co., Ltd. (SZSE:002856) from Li Suhua on March 28, 2022.