Ping An Real Estate Co., Ltd. acquired a stake (9.9% of the issued share capital of the Landsea Green Properties) in and perpetual convertible securities of Landsea Green Properties (HKSE:106).Landsea Green Properties Co., Ltd. is a leading developer and operator of green tech properties in China. Landsea Green Properties Co., Ltd. is a subsidiary and the sole listed platform of Landsea Group.  Landsea Group is based in Nanjing.  The listed company has a market cap of HKD 2.5 billion and total assets of RMB 11.7 billion.