Greentown Service Group's (HKG:2869) subsidiary, Hangzhou Chunyue Enterprise Management Consulting, acquired an additional 25% of the equity interest in Hangzhou Jiancheng Assets Management from Hangzhou Yijin Investment, a Thursday Hong Kong bourse filing said.
The consideration paid was 222.7 million yuan which included a shareholder's loan of 175.4 million owed by the target to the vendor.
Hangzhou Chunyue now holds a 45% stake in Hangzhou Jiancheng Assets Management.
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