Zhitong Financial APP, Shunhao Holdings (00253) announced that on December 20, 2021, the buyer (the company's subsidiary Shunhao Resources Group Limited) entered into a provisional sale and purchase agreement with the seller (Liu Yaotang). The buyer agreed to acquire from the seller all the issued shares of the target company (Yujin Investment Limited) and the existing shareholder loan payable by the target company to the seller at a consideration of HK $24 million.

It is reported that Yujin Investment Co., Ltd. is mainly engaged in property investment, and its only asset is the property at No. 21, II Nasha Tai Avenue, Tianluan Tianluan, 33 Gudong Road, Sheung Shui, New Territories, Hong Kong, China.

The announcement said that the board of directors believes that the current market conditions are based on the most favorable low mortgage interest rates, the economic recovery after 2019-nCoV 's illness is under control, and the plan to reopen the border. in particular, the Hong Kong, China government recently announced that the development of the Northeast New Territories will add 114300 people and 33300 jobs and new towns including commercial science and technology parks after the completion of the development. The plan has attracted major real estate developers to acquire nearby large residential projects, making the acquisition a good investment opportunity for the Group with the potential for capital gains.