October 2011, Beijing Capital Land Ltd and its subsidiary Beijing Capital Real Estate Development Co., Ltd. successfully acquired 100% equity of 5 real estate companies in Qingdao and Yantai at the cost of RMB 1.6 billion.

Upon the accomplishment of the acquisition, the acquiring companies will proceed to develop and construct 4 real estate projects of the 5 acquired companies located in Jiaodong Peninsula, Shandong Province, including the "Number One Park Project ", "Yangfuzhai Project", "Xiangmuhu Project " in Qingdao and "Sunshine Shouyuan Project" in Yantai.

Jingtian & Gongcheng acted for Beijing Capital Land as legal counsel in the acquisition.