Dalian Jiaguan Guangcheng Corporate Management Centre (Limited Partnership) entered into a framework agreement to acquire Dalian Qingyun Sky Realty and Development Company Limited from Sumitomo Realty & Development Co., Ltd. (TSE:8830) for CNY 3 billion on May 16, 2020. As of December 31, 2019, Dalian Qingyun Sky Realty and Development Company Limited reported revenue of CNY 370.89 million, net profit of CNY 99.26 million, total assets of CNY 3.2 billion and net assets of CNY 2.9 billion. The transaction is subject to obtained a funding of CNY 430 million. Dalian Jiaguan Guangcheng Corporate Management Centre (Limited Partnership) canceled the acquisition of Dalian Qingyun Sky Realty and Development Company Limited from Sumitomo Realty & Development Co., Ltd. (TSE:8830) on May 16, 2021.