Quanzhou Antong Logistics Co., Ltd. and Quanzhou Ansheng Shipping Co., Ltd. agreed to acquire HeiLongJiang HeiHua Co.,Ltd (SHSE:600179) from Heilongjiang Heihua Group Limited and others in a reverse merger transaction on May 8, 2015. HeiLongJiang will issue 449.5 million shares for Quanzhou Antong Logistics and 126.2 million shares for Quanzhou Ansheng Shipping. In a related transaction, China Haohua Chemical (Group) Corporation agreed to acquire substantially all assets and liabilities from HeiLongJiang HeiHua Co.,Ltd (SHSE:600179) on May 8, 2015. The transaction is subject to approval by the shareholders of HeiLongJiang and approval by State-owned Assets Supervision and Administration Commission of the State Council and China Securities Regulatory Commission. Heilongjiang's Board of Directors approved the transaction on May 8, 2015. Heilongjiang's Board of Directors approved the reorganization formal plan on August 25, 2015. The State-owned Assets Supervision and Administration Commission of the State Council approved the deal. Heilongjiang's shareholders approved the reorganization formal plan on September 16, 2015. As of March 23, 2016, the Merger, Acquisition and Reorganization Examination Committee of Listed Companies of the CSRC conditionally approved the transaction. On April 22, 2016, HeiLongJiang HeiHua received the written approval from CSRC. Haitong Securities Co., Ltd. acted as financial advisor, King & Wood PRC Lawyers acted as legal advisor, Huapu Tianjian Certified Public Accountants and BDO China Shu Lun Pan Certified Public Accountants LLP acted as accounts for HeiLongJiang HeiHua. Quanzhou Antong Logistics Co., Ltd. and Quanzhou Ansheng Shipping Co., Ltd. completed the acquisition of HeiLongJiang HeiHua Co.,Ltd (SHSE:600179) from Heilongjiang Heihua Group Limited and others in a reverse merger transaction on July 18, 2016.