Kirin Global Enterprises, Inc. signed a stock purchase and business sale agreement to acquire 90% stake in Brookhollow Lake, LLC from Kirin International Holding, Inc. (OTCPK:KIRI) for $2.2 million on December 31, 2015. In a related transaction, Kirin Global Enterprises, Inc. acquired Kirin China Holding Ltd, Kirin Hopkins Real Estate Group, Archway Development Group LLC, Specturm International Enterprise, LLC, HHC-6055 Centre Drive LLC and 50% stake in Newport Property Holding, LLC for a combined deal value of $75 million. Under the terms of the transaction, the purchase price will be adjusted via reduction of a note of $150 million owed to Jasper Lake Holdings. The transaction has been approved by the majority shareholder and Board of Directors of Kirin International Holding, Inc. (OTCPK:KIRI).

Kirin Global Enterprises, Inc. completed the acquisition of 90% stake in Brookhollow Lake, LLC from Kirin International Holding, Inc. (OTCPK:KIRI) on December 31, 2015.