On April 24th,Evergrande Real Estate released(HK.3333) an announcement that the company invest about 3.61 billion Yuan for purchasing about 52.78% stock of Calxon to become its shareholder.

Evergrande purchases about 952 billion Yuan stock from Zheshang Group,Hangzhou Iron & Steel Group and Guoda Group at the purchasing price of 3.79 Yuan per share this time. Information shows that Calxon was listed at Shenzhen Stock Exchange in 2009, and by the end of 2015, its capital reached 34.84 billion Yuan.