Why was Ningbo Serene acquired?

Your company acquired 5 1% equity of Ningbo Serene in 19. Its 100% equity price 126 billion. According to the semi-annual report of 20 19, the company repaid the bank loan of 3 billion yuan for Ningbo Serene, that is, the company actually paid 3.7 billion yuan for the acquisition of 5 1% equity of Ningbo Serene. The net profit of Ningbo Haiyue in the first three quarters of 20 18 was 220 million, while the losses in 17 and 16 were 250 million and1600 million respectively. Q: 1) Your cash flow is so tight, is it necessary to buy Ningbo Serene on 19? 2) Is the 3.7 billion acquisition payment too high? 3) Ningbo Haiyue 16 and 17 lost money, and 18 made a profit.