Renmin Tianli Group, Inc. (NasdaqCM:ABAC) entered into a share purchase agreement to acquire 29% stake in Enshi Huacai Agricultural Development Co. Ltd. on October 26, 2018. Under the terms, Renmin Tianli Group, Inc. will acquire 2 million shares of Enshi Huacai Agricultural Development Co. Ltd. All shares shall be issued and delivered within twenty business days of the agreement. Renmin Tianli will have an option to acquire up to 100% of the equity of Huacai under similar terms until March 2019. Renmin Tianli Group, Inc. (NasdaqCM:ABAC) cancelled the acquisition of 29% stake in Enshi Huacai Agricultural Development Co. Ltd. on October 26, 2019.