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Did Jianhongda acquire jiayuan Huaguan Property?

No acquisition. In order to expand the property management market in Hunan, jiayuan Service acquired 65% equity of Hunan Huaguan, a property management company, from Hunan Jianhongda for 33.722 million yuan in February 2009. Jianhongda did not acquire jiayuan Huaguan Property. Hunan Jiayuan Huaguan Property Service Co., Ltd. is an enterprise mainly engaged in the real estate industry.