A unit of Zhuguang Holdings Group Co. Ltd. agreed to acquire the remaining 30% interest it does not already own in Guangzhou Yu Ying Property Co. Ltd. for about 240 million Chinese yuan from its partner Guangzhou Xiu Yuan Property Co. Ltd.

Guangzhou Yu Ying is a property developer that owns an approximately 294,684-square-meter site being developed into a commercial and residential complex in Guangzhou, China.