Anhui Huilong Agricultural Means of Production Co.,Ltd. (SZSE:002556) agreed to acquire Anhui Haihua Chemical Technology Co., Ltd. from Anhui Huilong Investment Group Co., Ltd., Bangbu Longhai Enterprise Management Partnership (Limited Partnership) and others for approximately CNY 810 million on August 27, 2019. On August 29, 2019, an agreement is signed. Under the terms of the deal, CNY 180.8 million will be paid in cash, CNY 40 million will be paid in corporate exchangeable bonds and will issue 118.3 million consideration shares. Issued bonds have a face value of CNY 100 each and a conversion price of CNY 5/13 per share. In a related deal, Anhui Huilong Agricultural Means of Production Co., Ltd. will undertake a private placement directed at not more than 10 specific investors and expected proceeds will not exceed CNY 644.1 million from which cash consideration will be satisfied. The transaction is subject to approval by shareholders of Anhui Huilong Agricultural Means of Production, anti-monopoly review by the operators of the anti-monopoly authorities and China Securities Regulatory Commission. On August 27, 2018, the Anhui Provincial Supply and Marketing Cooperative issued the order approving the issuance of shares and payment in cash for a purchase. On August 28, 2019, Anhui Huilong Investment Group Co., Ltd carried out a Board of Directors meeting, agreeing to the transaction and the signing of the respective agreement and Bangbu Longhai Enterprise Management's partners unanimously agreed to the transaction. On August 29, 2019, the transaction was approved by Board of Directors of Anhui Huilong Agricultural Means of Production. On September 17, 2019, the shareholders of Anhui Huilong Agricultural Means of Production Co.,Ltd. approved the deal. On October 31, 2019 approval from the State Administration for Market Regulation regarding antitrust review is received. On December 4, 2019 China Securities Regulatory Commission gave approval to the transaction. Zhou Jie, Cui Hao, Wang Yongjie, Yang Liu, Chen Saide, Li Li of Haitong Securities Co., Ltd. acted as financial advisors for Anhui Huilong Agricultural Means of Production Co.,Ltd. Shu Xiaojun, Su Yu and Bao Jinqiao of Anhui Chengyi Law Firm acted as legal advisors for Anhui Huilong Agricultural Means of Production Co.,Ltd. Lü Yongjun, Wang Haitao, Tao Xiuzhen, Liang Chun of Shulun Pan Dahua Certified Public Accountants Co., Ltd. Wan Yunlong, Huang Xiaoqi and Xiao Houfa of RSM Global acted as accountants for Anhui Huilong Agricultural Means of Production Co.,Ltd. Wang Chuanjun, Ying Liyun, Xu Jiajia of Kunyuan Assets Evaluation Co., Ltd. acted as evaluation agency for the transaction. Anhui Huilong Agricultural Means of Production Co.,Ltd. (SZSE:002556) completed the acquisition of Anhui Haihua Chemical Technology Co., Ltd. from Anhui Huilong Investment Group Co., Ltd., Bangbu Longhai Enterprise Management Partnership (Limited Partnership) and others on December 31, 2019.