Beijing Chieftain Control Engineering Technology Co., Ltd. (SZSE:300430) agreed to acquire Beijing Brchoo Technology Development Co., Ltd from nine individuals for CNY 130 million on March 12, 2016. Beijing Chieftain Control Engineering Technology Co., Ltd. (SZSE:300430) signed an agreement to acquire Beijing Brchoo Technology Development Co., Ltd from nine individuals for CNY 130 million on March 24, 2016. In a related deal, Beijing Chieftain Control Engineering Technology Co., Ltd. (SZSE:300430) agreed to acquire Guangzhou Longest Science & Technology Co., Ltd for approximately CNY 510 million in cash and stock on March 25, 2016. Under the terms of the transaction, Beijing Chieftain Control Engineering Technology will pay CNY 19.5 million in cash and will issue 2.08 million shares for CNY 110.5 million. Beijing Chieftain Control Engineering Technology Co. will raise up to CNY 308.77 million by offering shares to not more than five investors to fund the deals. Beijing Brchoo Technology Development reported total assets of CNY 31.4 million, net assets of CNY 9.47 million, revenue of CNY 28.89 million, and net profit of CNY 3.06 million for the year ending December 31, 2015. The transaction is subject to approval from shareholders of Beijing Chieftain Control Engineering Technology and China Securities Regulatory Commission. The deal is approved by the shareholders of Beijing Brchoo Technology on March 12, 2016. The transaction was approved by the Board of Directors of Beijing Chieftain Control Engineering Technology on March 24, 2016. On April 11, 2016, Beijing Chieftain held its 2nd special stockholders meeting and approved the transaction. On June 3, 2016 the transaction received approval from China Securities Regulatory Commission. On January 20, 2017, China Securities Regulatory Commission approved the deal. Southwest Securities Co., Ltd. acted as financial advisor, Hylands Law Firm acted as legal advisor, and Daxin Certified Public Accountants acted as accountant to Beijing Chieftain Control Engineering Technology. Beijing Chieftain Control Engineering Technology Co., Ltd. (SZSE:300430) completed the acquisition of Beijing Brchoo Technology Development Co., Ltd from nine individuals on March 7, 2017. On March 31, 2017, Beijing Chieftain held its 22nd session of the 2nd directorate and approved the adjusted acquisition of assets through the issuance of shares and cash payments and raising of supporting funds.