Addsino Co., Ltd. (SZSE:000547) agreed to acquire 69% stake in Chongqing Jinmei Communication Co., Ltd. from China Aerospace Xintong Technology Co., Ltd. for CNY 1.26 billion on December 20, 2021. The deal is subject to approval from Addsino Co., Ltd. (SZSE:000547) board. As of December 20, 2021 Addsino Co., Ltd. (SZSE:000547) board approved the deal.