Beijing Dalong Weiye Real Estate Development (SHA:600159) terminated plans to acquire 60% of Beijing Chengzhu Real Estate Development after the parties failed to reach a consensus, according Shanghai bourse disclosure on Saturday.
Shares of the real estate developer slipped less than 1% at the close of Monday's trade.
The company, through subsidiary Beijing Dalong Real Estate Development, expressed its intention to acquire the stake from Beijing Shunyi New City Development in September.
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