Beijing Taihe Jinhui Property Co., Ltd. signed the property transaction contract to acquire remaining 51% stake in Beijing Qiaoxi Investment Co., Ltd. from Shenzhen Overseas Chinese Town Co., Ltd. (SZSE:000069) for CNY 770 million on December 29, 2017. Beijing Taihe Jinhui Property Co., Ltd. won a bid to acquire remaining 51% stake in Beijing Qiaoxi Investment Co., Ltd. Upon completion, Beijing Taihe Jinhui Property Co., Ltd. will hold 100% stake in Beijing Qiaoxi Investment Co., Ltd. The transaction has been approved by Board of Tahoe Group Co., Ltd. (SZSE:000732), parent of Beijing Taihe Jinhui Property Co., Ltd. Beijing Taihe Jinhui Property Co., Ltd. cancelled the acquisition of remaining 51% stake in Beijing Qiaoxi Investment Co., Ltd. from Shenzhen Overseas Chinese Town Co., Ltd. (SZSE:000069) on December 29, 2018.