Jiangsu Hengneng Automobile Investment Co., Ltd. signed an agreement to acquire remaining 80% stake in Hengneng Automobile Co., Ltd. from Sichuan Western Resources Holding Co., Ltd. (SHSE:600139) for on October 29, 2018. Jiangsu Hengneng Automobile Investment Co., Ltd. will bear CNY 20 million owned by Sichuan Western Resources. During the financial year ended December 2017, Hengneng Automobile Co., Ltd reported total assets of CNY 23.9 million, net assets of CNY 18.6 million, revenue of CNY 0 and net loss of CNY 2.5 million. The transaction has been approved by the Board of Sichuan Western Resources Holding Co., Ltd. and does not need any shareholders approval. Jiangsu Hengneng Automobile Investment Co., Ltd. cancelled the acquisition of remaining 80% stake in Hengneng Automobile Co., Ltd. from Sichuan Western Resources Holding Co., Ltd. (SHSE:600139) for on October 29, 2019.