Suzhou New District Hi-Tech Industrial Co.,Ltd (SHSE:600736) acquired 51% stake in Suzhou Fresh Service E-commerce Co.,Ltd from Jiangsu Suiyi Information Technology Co., Ltd. for $31.3 million on June 30, 2021. Andy Qiu and Ian Hu of KPMG Corporate Finance LLC acted as financial and due diligence provider to Suzhou New District Hi-Tech Industrial.

Suzhou New District Hi-Tech Industrial Co.,Ltd (SHSE:600736) completed the acquisition of 51% stake in Suzhou Fresh Service E-commerce Co.,Ltd from Jiangsu Suiyi Information Technology Co., Ltd. on June 30, 2021.