Anhui Wanwei Updated High-Tech Material Industry Company Limited (SHSE:600063) agreed to acquire remaining 20% stake in Inner Mongolia Mengwei Technology Co., Ltd. from Inner Mongolia Baiyanhu Chemical Co., Ltd. for CNY 130 million on December 27, 2014. Inner Mongolia Mengwei Technology Co., Ltd. had total Assets of CNY 1.51 billion and net assets of CNY 705.51 million. Board of Directors of Anhui Wanwei Updated High-Tech Material Industry Company Limited approved the transaction on December 27, 2014.