Cangzhou Mingzhu Plastic Co., Ltd. (SZSE:002108) entered into an agreement to acquire 6.32% stake in Bank of CangZhou Co., Ltd. from Hebei Cangzhou Dongsu Group Co.,Ltd. for approximately CNY 710 million on July 11, 2018. Under the terms of the transaction, Cangzhou Mingzhu Plastic Co., Ltd. will acquire 296.33 million shares at CNY 2.39 per share and will hold 7.94% stake in Bank of CangZhou Co., Ltd. upon completion. The transaction was approved by the 18th session of the 6th directorate of Bank of Cangzhou Mingzhu Plastic Co., Ltd.