Tibet Bixing Venture Capital Partnership Enterprise (LP) signed an equity transfer agreement to acquire an additional 25% stake in ZTE Instruments Co., Ltd. from Beijing Originwater Technology Co., Ltd. (SZSE:300070) for CNY 86.3 million recently. Under the terms of transaction, the consideration will be made in one single installment as of 15 days of completion of change of registry procedures. Upon completion, Tibet Bixing Venture Capital Partnership Enterprise (LP) will hold 46.76% stake and Beijing Originwater Technology Co., Ltd. will hold 20% stake in ZTE Instruments Co., Ltd. As on September 30, 2017, ZTE Instruments Co., Ltd. had total assets of CNY 275 million and net assets of CNY 62.7 million. The transaction has been approved by the Board of Beijing Originwater Technology Co., Ltd. Tibet Bixing Venture Capital Partnership Enterprise (LP) cancelled the acquisition of an additional 25% stake in ZTE Instruments Co., Ltd. from Beijing Originwater Technology Co., Ltd. (SZSE:300070) on March 31, 2019.