Beijing Orient Landscape and Ecology Co., Ltd. (SZSE:002310) signed an agreement to acquire 80% stake in Suzhou Wuzhong Solid Waste Disposal Co., Ltd. from Yu Feng, Gu Qinfang, Zhang Lingen and Wu Xuexing for approximately CNY 140 million on September 29, 2015. Yu Feng will sell 30.4% stake for CNY 53.81 million, Gu Qinfang will sell 17.6% stake for CNY 31.15 million, Zhang Lingen and Wu Xuexing will sell 16% stake each for CNY 28.32 million each. After the completion of the acquisition, Beijing Orient Landscape and Ecology and other shareholders of the target will carry out CNY 50 million capital increase towards Suzhou Wuzhong Solid Waste Disposal Co., Ltd. corresponding to their shareholding ratios. In a related transaction, Beijing Orient Landscape and Ecology Co., Ltd. signed an agreement to acquire Fuyang Jinyuan Copper Industry Co., Ltd. for CNY 20 million. Beijing Orient Landscape and Ecology Co., Ltd. will fund the transaction through own funds. Suzhou Wuzhong Solid Waste Disposal Co., Ltd reported total assets of CNY 73.37 million, shareholders’ equity of CNY 39.47 million, operating revenues of CNY 108.87 million, operating profit of CNY 2.89 million and net profit of CNY 2.62 million in 2014. The Board of Beijing Orient Landscape and Ecology approved the transaction. Beijing Orient Landscape and Ecology Co., Ltd. (SZSE:002310) cancelled the acquisition of 80% stake in Suzhou Wuzhong Solid Waste Disposal Co., Ltd. from Yu Feng, Gu Qinfang, Zhang Lingen and Wu Xuexing on September 29, 2016.