Guangzhou Maosheng Enterprise Planning Co., Ltd agreed to acquire Hainan White Horse Swan Bay Properties Co., Ltd./Sanmenxia Yuetai Real Estate Development Co., Ltd. from Guangzhou Yuetai Group Co., Ltd. for approximately CNY 210 million.

Guangzhou Yuetai Group Co Ltd, formerly Guangzhou Donghua Enterprise Co Ltd, is a China-based company mainly engaged in the development and sales of real estates. The Company's commercial housing development focuses on commercial and residential housing products. The Company's major projects consist of HONGWAN INTERNATIONAL CENTER, SWAN BAY, LANGYI GARDEN, JIANGHAI GARDEN and others. The Company also provides construction and installation services and real estate leasing services. In addition, it is also engaged in the sales of seedlings, as well as green engineering business. The Company conducts its businesses within domestic and overseas markets.