Ningbo Goodway Investment Co., Ltd. agreed to acquire 70% stake in Chongqing Beer Group Ningbo Daliangshan Co., Ltd. from Chongqing Brewery Co.Ltd (SHSE:600132) for CNY 82 million on July 14, 2016. Chongqing Beer Group Ningbo Daliangshan Co., Ltd had revenues of CNY 149.1 million, total assets of CNY 172.96 million, net loss of CNY 5.8 million in 2015. The transaction does not need approval from the shareholders. The transaction was approved by the Board of Directors of Chongqing Brewery Co.Ltd on July 22, 2016.