Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) signed a cooperation letter of intent to acquire 70% stake of Henan Taiping Swine Breeding Co Ltd for approximately CNY 100 million on June 3, 2015. Henan Taiping Swine Breeding earned operating revenue of CNY 158 million in 2014 and CNY 72.5 million in the first five months of 2015. As of June 29, 2015, Chuying Agro-pastoral Group Co., Ltd signed an investment agreement to acquire 70% stake of Henan Taiping Swine Breeding Co Ltd for CNY 70 million. The deal was approved unanimously by the Board of Directors of Chuying Agro-pastoral Group. Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) cancelled the acquisition of 70% stake of Henan Taiping Swine Breeding Co Ltd on June 3, 2016.