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In which month did China Resources Group take over Xiangsheng Property?
In September 2022, China Resources Group signed an agreement with Xiangsheng Property to acquire and take over Xiangsheng Property. China Resources Vientiane acquired the entire equity of Zhuji Xiangsheng and 2% equity of Zhejiang Xiangsheng Property Service Co., Ltd. After the acquisition, Zhuji Xiangsheng, Zhejiang Xiangsheng and their subsidiaries will become indirect wholly-owned subsidiaries of China Resources Vientiane Life Insurance.
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