Beijing GeoEnviron Engineering & Technology, Inc. (SHSE:603588) agreed to acquire 51% stake in Chongqing Yaohui Environmental Protection Co., Ltd. from Anji Fuyisheng Enterprise Management Partnership (Limited Partnership) for CNY 23.5 million on January 6, 2021. After the acquisition, Anji Fuyisheng Enterprise Management Partnership (Limited Partnership) doesn't hold any stake in Chongqing Yaohui Environmental Protection Co., Ltd. As of December 31, 2019, Chongqing Yaohui Environmental Protection Co., Ltd. recorded total assets of CNY 3.15 million, total common equity of CNY 2.45 million, net loss of CNY 1.42 million. As of August 31, 2020, Chongqing Yaohui Environmental Protection Co., Ltd. recorded total assets of CNY 4.39 million, total common equity of CNY 3.43 million, net loss of CNY 2.12 million. As of January 6, 2021, Beijing GeoEnviron Engineering & Technology, Inc. Board of directors approved the deal and doesn't require any shareholders approval.