Guangsha Holding Group Co., Ltd. agreed to acquire 7% stake in Oriental Culture Park Landscape Real Estate Development Co., Ltd. from Zhejiang Guangsha Co., Ltd. (SHSE:600052) for CNY 11.6 million on November 29, 2015. Oriental Culture Park reported for year ending December 31, 2014, total assets of CNY 193.05 million, total liabilities of CNY 64.17 million, net assets of CNY 128.88 million, revenues of CNY 39.98 million, total loss of CNY 12.17 million and net loss of CNY 11.19 million. The Board of Zhejiang Guangsha Co approved the deal on November 29, 2015. Guangsha Holding Group Co., Ltd. cancelled the acquisition of 7% stake in Oriental Culture Park Landscape Real Estate Development Co., Ltd from Zhejiang Guangsha Co., Ltd. (SHSE:600052) on November 29, 2016.